What are the main differences between an acquisition strategy and an acquisition plan?
This response is based on the information provided. We suggest you discuss with your contracting and finance team, program manager and/or legal department as appropriate.
People often have difficulty separating the two terms in their minds. A reasonable definition of each follows:
The Acquisition Strategy is a comprehensive blueprint that identifies and describes the acquisition approach the Program Management will follow to manage program risks and meet program objectives.
An Acquisition Plan documents all cost, schedule, technical, business, management, and other considerations that will govern an acquisition program and is derived from the Acquisition Strategy. It summarizes the acquisition planning discussions and identifies milestones in the acquisition process.
The way to think of it is that you create a strategy based on what it is you are acquiring. The "conversation" when building the strategy will encompass those subject areas that will make up the plan. The Acquisition Strategy is the idea and the plan is the documentation, the map. The subjects you will cover are addressed in FAR 7.105.