Which of the following are major components of an acquisition program lifecycle?

The major components of an acquisition program lifecycle include planning, executing, monitoring, and closing.

Planning is foundational, as it involves defining needs, setting objectives, and outlining strategies to acquire systems effectively. This phase establishes the framework for the entire acquisition process.

Executing refers to the implementation of the plans laid out during the planning stage. It entails the actual acquisition activities, such as selecting and managing contractors, and delivering the systems or services acquired.

Monitoring is a critical component that involves overseeing the execution processes to ensure they align with the established objectives and budget. This stage typically includes risk management and performance assessments to address any issues that might arise.

Closing wraps up the acquisition lifecycle, where the final products are delivered, evaluations are conducted, and lessons learned are documented for future projects.

This comprehensive view of the lifecycle helps ensure that all necessary stages are acknowledged and effectively managed, leading to successful system acquisitions that meet organizational goals.