4.6.3 Developing the Request for
The RFP should communicate to all offerors the concept that risk management is an essential part of the Government's acquisition strategy.
Before the draft RFP is developed using the results of the Industrial Capabilities Review, the PMO should conduct a risk assessment to ensure that the program described in the RFP is executable within the technical, schedule, and budget constraints. Based on this assessment, a program plan, an integrated master schedule, and life-cycle cost (LCC) estimate may be prepared. The technical, schedule, and cost issues should be discussed in the pre-proposal conference(s) before the draft RFP is released. In this way, critical risks inherent in the program can be identified and addressed in the RFP. In addition, this helps to establish key risk-management contractual conditions. The RFP should encourage offerors to extend the contract WBS (CWBS) to reflect how they will identify all elements at any level that are expected to be high cost or high risk. The RFP should also encourage offerors to cite any elements of the CWBS provided in the draft RFP that are not consistent with their planned approach.
In the solicitation, PMs may ask offerors to include a
risk analysis and a description of their management plans, and also to develop
a supporting program plan and an integrated master schedule in their
proposals. These proposals will support the Government's source selection
evaluation and the formulation of a most probable cost estimate for each
proposal. In addition, the RFP may identify the requirement for periodic risk
assessment reports that would serve as inputs to the PM's assessment and
monitoring processes thereby ensuring that risks are continuously