Procurement: Avoiding Risky Business

The NASCIO Procurement Modernization Committee, in partnership with TechAmerica and the National Association of State Procurement Officials, continues to focus on state IT procurement reforms and highlight best practices at the state level. This brief is the third in a series of recommendations set forth by this collaborative. The purpose of the brief is to highlight some of the strategies used to first identify, then to avoid, transfer, mitigate, and ultimately accept the risks associated with the procurement of IT products or services. Although not all risks can be identified, the goal should be to understand how much risk is associated with a specific IT procurement and what tools, processes, benchmarks, and methodologies are available to uniquely address IT procurement risks.