Defense Contract Audit Agency

Summarize two points of interest from the lessons this week. Library articles are where to go to locate information. Please do not rely on blog sites. The post should be at least 270 words.

Note: Please bear in mind the “theoretical” position you hold within the organization is that of a Contract Manager as you make your recommendations.

Purpose of this assignment: Think of this assignment/discussion area as a means for us to discuss the concepts, principles, and real-world applications that pertain to this week’s readings. What you think were the two most important Contract Management, and/or complexity concepts that you read in the chapters!

To be successful in this discussion thread, you must define/describe the concepts that you found to be most interesting and/or applicable to a present or past work situation. You must then explain how you would use the concept(s) to make the organization identified more useful from a Contract Manager’s perspective. You must explain it within the constructs of the course purpose, in particular, in the context of the learning objective for the week. Above all, you must define the concept from a strategic perspective. In other words, your explanation should not focus on a single person, but as mission-critical information that would help make a Program Manager successful.

Your focus for this week is to explain with some good examples of What is contract audit?

From the CMBOK of Knowledge it says:

The evaluation of the accuracy and propriety of the contractor’s cost representations and claims by the review and analysis of contractors’ and subcontractors’ policies, systems, and controls. Remember to include an examination of books, accounts, basic records, and operations. (p. 152)

So, what are the metrics all about? What is the current world view we live? DCAA is where some may work, but all should be aware of that agency. Here is a video to help set the stage for this discussion.

Part 16_DCAA-Defense Contract Audit Agency

The badge of courage for finding errors

https://www.youtube.com/watch?v=Q_sYCc0JVeE

CAM – Contract Audit Manual: (Copy and paste the URL in a browser).

http://www.dcaa.mil/Home/CAM?title=DCAA%20policies%2C%20procedures%2C%20guidance%20and%20auditing%20techniques

Research in the library or the web as well to find material that could support your position.

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