What is one of the key questions an acquisition plan should answer?

One of the key questions an acquisition plan must answer is "What are we buying?" This is fundamental because it lays the groundwork for the entire acquisition process. Identifying what is being purchased is crucial for determining procurement methods, developing specifications, and ensuring that the requirements meet the needs of the organization.

By clearly stating what is needed, the acquisition team can align resources, budget, and timelines accordingly. This clarity also assists in defining potential suppliers and might influence the contract type or structure that will be employed. When the "what" is clearly defined, it enhances focus on quality, compliance, and the overall success of the acquisition while reducing the likelihood of miscommunication or misalignment later in the process.

While considerations about budget, project management, and timelines are also important aspects of an acquisition plan, they hinge on having a well-understood and clearly articulated description of what is being purchased.