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This book, written with contributions from experts in government contracting, accounting, engineering, supply chain management, and law, provides a unique and comprehensive view of what it takes to successfully manage large, complex, high-technology U.S. government contracts and projects. The book begins by dispelling some common myths of government contracting and providing best practices to achieve superior performance results. The book also describes a holistic yet practical opportunity and risk management (ORM) process; provides tools and techniques to identify, assess, and mitigate risks while maximizing the potential for positive outcomes; provides an in-depth understanding of the contractual, financial, schedule, and technical aspects of risk when dealing with highly regulated U.S. government contracts and projects; and explains when and how to use a Contract Management Risk and Opportunity and Assessment Tool. The book also offers a case study of the typical risk management process implemented by the U.S. Department of Defense (DOD) for major weapon system acquisition programs.