BUS 501 Week 1 Discussion Question 1 and 2 with Answers

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BUS 501 Week 1 Discussion 1, Independent Government Cost Estimate (IGCE)

Evaluate sources of data for the IGCE and examine the areas that have potential for overestimating costs. Determine three potential outcomes from an inaccurate IGCE. Compare and contrast the effect of a high estimate versus a low estimate. Then, select one of the outcomes that you identified and determine how you would mitigate the issue. Determine the three primary purposes of cost estimates. Predict two issues that could arise if a cost estimate is not conducted properly or at all.

BUS 501 Week 1 Discussion 2, History of the Federal Acquisition Regulation (FAR)

Examine the history of the FAR and analyze some of the events that contributed to the current structure. Determine the types of national events that have improved the FAR. Then, provide one recommendation to further improve the FAR that benefits the collective business community. Compare the development of the FAR from a military-spending perspective with a civilian-agency spending perspective. Compare the total budgets for discretionary funding between military and civilian agencies.bus 501 week 1 discussion