Which of the following options is a component of the acquisition planning process?

The component of the acquisition planning process that is most relevant is the feasibility of requirements. This aspect involves assessing whether the desired objectives of a project or procurement can be realistically achieved, given the available resources, market conditions, and technical considerations. During this phase, stakeholders evaluate the practicality and viability of their needs, ensuring that what they aim to acquire aligns with their organizational goals and capabilities.

Acquisition planning is a comprehensive process that includes various elements such as determining costs, timelines, and necessary resources. By focusing on the feasibility of requirements early in the process, organizations can avoid potential pitfalls and ensure that they proceed with acquisitions that are sustainable and achievable.

While other options may relate to various aspects of procurement or project management, they do not specifically align with the critical element of assessing whether the requirements can be reasonably met within the acquisition framework. Finalizing contract lengths, determining office budgets, and identifying the winning contractor are subsequent actions that would follow after ensuring that the foundational requirements are feasible.