Prog Home v3 › Forums › Advanced Study Courses – Acquisition Management › Evaluate the strengths and weaknesses of the acquisition management processes best practice interactions to other KPA’s. What could be removed? What should be added? What could be modified? Why? › Reply To: Evaluate the strengths and weaknesses of the acquisition management processes best practice interactions to other KPA’s. What could be removed? What should be added? What could be modified? Why?
A well managed acquisition management process has strengths in
– cost control
– conforming to compliance requirements
– high quality information to support better contract terms and service levels with vendors
However, acquisition management can have these weaknesses if not performed well:
– complexity and high administrative overhead cost
– system integration challenges
– dependencies on vendors
– challenges with budget constraints