Acquisition planning is
|“||[t]he process by which the efforts of all personnel responsible for an acquisition are coordinated and integrated through a comprehensive plan for fulfilling the agency need in a timely manner and at a reasonable cost. It includes developing the overall strategy for managing the acquisition.||”|
|“||the process of coordinating and integrating the efforts of personnel responsible for acquisitions.||”|
"A major objective of acquisition planning is to promote and provide for full and open competition. To ensure that the planning is accomplished in an effective, economical, and timely manner, the agency should prepare an acquisition plan containing an overall strategy for managing the preaward, acquisition, and postaward phases.
"An effective acquisition plan is critical to project success. The plan sets out what the agency will do to complete a procurement and how it will do it. The plan also specifies the type of contract that will be awarded, how the agency will select a contractor, cost and schedule goals, milestones, significant risk areas, and contract management controls."
- A Guide to Planning, Acquiring, and Managing Information Technology Systems, at A-1; Federal Acquisition Regulation (FAR) 7.101.
- Information Technology: An Audit Guide For Assessing Acquisition Risks, at 95.