FAST
FAST is the official record of the Acquisition Management System (AMS). The AMS establishes policy and guidance for all aspects of lifecycle acquisition management for the Federal Aviation Administration (FAA). It defines how the FAA manages its resources - money/people/assets - to fulfill its mission. The objectives of the policy are to increase the quality, reduce the time, manage the risk, and minimize the cost of delivering safe and secure services to the aviation community and flying public. Acquisition management policy promotes these objectives through partnership among service providers and customers to ensure FAA plans, programs, and budgets address priority aviation needs.

FAST POLICY
Agency-wide, mandatory requirements of the AMS, applicable to all activities associated with the analysis of agency needs for products, services, and facilities, determination of requirements, analysis of investment alternatives, establishment of investment programs, allocation and expenditure of resources, procurement, deployment of products and services, in-service management of fielded capabilities, and eventual disposal of obsolete assets. Acquisition management policy applies to all investment programs of any cost and any appropriation, including programs managed at headquarters, regions, centers, and other field activities.

FAST GUIDANCE
A set of agency-endorsed guidelines, processes, instructions, templates, databases, handbooks, checklists, and other information that supplements, expands, illustrates or implements acquisition management policy. This information guides and supports the workforce in planning and executing acquisition management policy and all related lifecycle management and functional discipline activities and processes.

Page last modified: May 12, 2016