1. Define and discuss the elements that constitute successful Acquisition Management. Provide an example to illustrate your answer.

2. Imagine that you work as the Lead Acquisitions Manager for the U.S. Department of Health and Human Services. Your agency has asked you to lead a major project to acquire a new software system to streamline operations. Outline the necessary process steps, including requirements, project planning, risk management, and implementation.

3. Effective leadership ensures that IT plays a pivotal role in shaping the organization's digital future. With respect to the project outlined in Question #2, describe the need and usefulness of value proposition to your team's efforts in acquiring a new software system.

4. Compare and contrast federal acquisition management with commercial acquisition management. Highlight key differences, challenges, and considerations for each.

Provide in-text citations and references for the answers.