An acquisition strategy plan is a high-level business and technical management approach designed to achieve program objectives within specified resource constraints. It is the framework for planning, organizing, staffing, controlling, and leading a program. It provides a master schedule for research, development, test, production, fielding and other activities essential for program success, and for formulating functional strategies and plans.
The acquisition strategy documents the ground rules and assumptions that preceded and then led to program initiation. It acts as a guide and also documents program progress through periodic updates, and therefore provides a documented audit trail for succeeding PMs. It also serves as a standard by which superiors in the chain of command can measure program progress in terms of their program responsibilities.