"Whenever applicable, risk reduction through the use of mature processes shall be a significant factor in source selection ---."
The purpose of Source Selection is to select the contractor whose performance can be expected to meet the Government’s requirements at an affordable price. The Source Selection process entails evaluating each Offeror’s capability for meeting product and process technical, schedule, and cost requirements while identifying and managing inherent program risks.
The evaluation team must discriminate among Offerors based upon the risk associated with each Offeror’s proposed approach for meeting Government requirements, including an evaluation of the Offeror’s past and present performance record, to establish a level of confidence in the contractor’s ability to perform the proposed effort. This evaluation should include consideration of:
- Product and process risk management approaches and associated risks
determined by comparison with a Best Practices baseline
- Technical, cost and schedule assessments to estimate the additional
resources (e.g., time, manpower loading, hardware, or special actions, such
as additional analyses or tests, etc.) needed to control any risks that have
medium or high risk ratings
- Past performance and recent improvements in the implementation of risk
reduction/mitigation efforts similar to those being proposed for reducing
risks identified as moderate or high for the program being