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Contractor Risk and Performance Indicators Report

Researchers from the RAND Corporation have issued a new acquisition-related report of potential interest entitled, “Contractor Risk and Performance Indicators: Prototype Functional Specification and…

Contractor Risk and Performance Indicators Report

Contractor Risk and Performance Indicators Report
Bill Kobren
Researchers from the RAND Corporation have issued a new acquisition-related report of potential interest entitled, “Contractor Risk and Performance Indicators: Prototype Functional Specification and Developer Document “ indicating in part, “a recurring challenge to successful Department of the Air Force (DAF) acquisition program execution is poor contractor performance. Early indication of potential contractor performance risks and execution issues is critical for proactive acquisition management. When contractors are in danger of not meeting contractual performance goals, DAF acquisition management may not be fully aware of the shortfall until, for example, a schedule deadline is missed, government testing indicates poor performance, or costs exceed expectations. In response, the authors developed a new way to apply data science to a variety of government and external data sources to assess the relative contractor performance risks and early indicators of performance issues in DAF acquisition contracts and programs. This method seeks to produce risk and performance indicators earlier than do current information sources and metrics.

The report goes on to remind readers that “in this report, the authors outline the functional software specification and basic design of that prototype, its architecture, and the core software components within it. The authors focus on the technical details of the prototype, along with summary context on the basic function of the approach.”

For those who may not be familiar with the issuers of this report, the RAND Corporation is a nonprofit institution that helps improve policy and decision making through research and analysis. Inclusion of a link to this report here is for defense acquisition workforce informational and professional development purposes and does not imply DAU or DoD endorsement of any particular organization, document, findings, or recommendations.