Federal Acquisition Regulation (FAR) Practice Exam 2026 - Free FAR Practice Questions and Study Guide

The primary goal of the acquisition planning phase is to ensure timely delivery and appropriate budgeting. During this phase, agencies assess their needs, analyze the market, and develop a strategy to meet those needs effectively while maintaining budget constraints. This involves projecting timelines for the acquisition process, considering the funding available, and identifying any potential risks that could affect delivery.

While determining technical specifications is an important step in the acquisition process, it is part of the broader objective of ensuring that the acquisition strategy aligns with the agency's requirements and budget. Reducing bureaucracy is a concern in procurement but not the primary focus during the planning phase. Finalizing the award document occurs after acquisition planning, stemming from the organized strategy and comprehensiveness developed during this earlier phase. Thus, ensuring timely delivery and appropriate budgeting encapsulates the core intent of acquisition planning.