industry risk aversion costs more than fast failure
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Industry: Risk aversion costs more than fast failure

Arab Today, arab today

Arab Today, arab today Industry: Risk aversion costs more than fast failure

Dr. William LaPlante, Assistant Secretary of the Air Force for Acquisition
Orlando - UPI

Representatives from some the nation's largest defense firms agreed a culture of risk aversion at the Pentagon is costing the American taxpayer more than "fast failure."
Speaking on the topic of innovation in the 21st century at the Air Warfare Symposium and Technology Exposition, representatives from Lockheed Martin, Northrop Grumman, Boeing, Raytheon, Aurora Flight Sciences and Pratt & Whitney all agreed risk aversion costs more money in the long run.
Citing the need in recent years to present "zero-risk" proposals for defense acquisitions, they said getting cutting-edge science and technology to operational status takes far longer, and costs far more.
In a speech at the same event, Dr. William LaPlante, assistant secretary of the Air Force for Acquisition, explained new "Better Buying Power" initiatives to increase innovation while decreasing costs.
"Failing slow is bad," he said. "Failing fast is OK."
In an effort to reassure industry, LaPlante said he wants to bring the 17-month average time it takes to award a single-source contract from initial request for proposals "down to single digits." Part of that will include fewer requirement changes mid-process.
"A lot of money is spent by industry," he acknowledged. "A lot of frustration on all sides."
LaPlante said the Air Force is going to take a "page out of the DARPA handbook" and expand the use of challenge-based acquisition for innovative experimentation and rapid prototyping.
One such challenge currently underway is for industry and academia to produce what will "almost certainly be a turbine" engine with high efficiency and a high power-to-weight ratio.
"Pick the sweet spot, that if we can pull this off, it will have huge applicability across UAVs and commercially."
The $2 million prize will be announced in May, at which point "whoever wins this, we're going to put hooks in to transfer this technology."
Though shying away from the term "acquisition reform," LaPlante outlined further changes to how the Air Force conducts cost-capability analysis for new projects, by being transparent with industry and communicating every step of the way.
"Should cost" estimates will be used for initial product requirements, and "data-driven negotiations" will allow industry to propose adding further capabilities if they fit into the cost analysis.
Pilot projects for the new approach include the new T-X trainer aircraft, the requirements for which will be finalized by the end of the month.
"There will be a much better understanding, and a way for us to know what we're paying for, and willing to pay for."
Secretary of the Air Force Deborah Lee James in her State of the Force speech said that although "our budget proposal actually busts the sequestration caps" by some $10 billion, thanks to the increased demand for Air Force capabilities -- not only in current missions against the Islamic State but in space and cyber -- leadership recognizes "the taxpayer's dollar is precious."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

industry risk aversion costs more than fast failure industry risk aversion costs more than fast failure

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

industry risk aversion costs more than fast failure industry risk aversion costs more than fast failure

 



GMT 18:35 2018 Friday ,14 December

Can Armenia break the ice with Turkey?

GMT 20:27 2018 Monday ,22 October

Halima Aden heads back to Dubai

GMT 17:02 2017 Friday ,17 November

Leaders congratulate Moroccan king

GMT 03:33 2017 Saturday ,19 August

November23rd-December21st

GMT 23:46 2017 Sunday ,26 February

‘I have done planes, trains and airports’

GMT 08:12 2017 Friday ,10 November

Carlson Rezidor Hotel Group Enters the Maldives

GMT 09:47 2018 Monday ,10 December

Russian ex-policeman convicted over 56 murders

GMT 00:43 2017 Tuesday ,26 December

Dozens killed in fresh Yemen air strikes, clashes

GMT 21:27 2016 Tuesday ,06 September

Frenchwoman who received first face transplant dies

GMT 15:29 2017 Friday ,03 March

Iraqi forces advance towards center of Mosul
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday