Facts about Acquisition Management
  • Acquisition management = managing projects/programs, budgets, logistics, and contracts
  • It offers one of the hottest career paths in government
  • The Department of Defense alone employs 130,000 acquisition professionals
  • One-half of these professionals will likely retire within five years
  • There are not enough new acquisition professionals in the pipeline to meet demand
  • Developing acquisition professionals is a top priority of government, as evidenced in the issuance of OMB Policy Letter 05-01 in 2005
  • Because of shortages of qualified personnel, employees entering into the acquisition field face a bright future
  • The Defense Acquisition Workforce Improvement Act (DAWIA), the Clinger-Cohen Act of 1996, and the Service Acquisition Reform Act of 2003 require Federal agencies to create acquisition management career paths
  • Because contractor companies have not kept up with acquisition reform, they too seek qualified acquisition professionals, so there is a demand for these people in the private sector as well

A key component of acquisition management career development is education and training. In order to move forward on the acquisition management career track, education and training tickets need to be punched.

The University of Management and Technology (UMT) provides both professional development and academic programs in acquisition management, project management, and program management. UMT is a strategic partner of DoD’s Defense Acquisition University (DAU), a Global Registered Education Provider (R.E.P.) of the Project Management Institute (PMI), and a leader in the acquisition management field.

To find out how UMT can help you to reach your career and educational goals in the new government environment, please click here.