Accession Number : ADA324411

Title :   Major Acquisitions: Significant Changes Underway in DoD's Earned Value Management Process.

Corporate Author : GENERAL ACCOUNTING OFFICE WASHINGTON DC NATIONAL SECURITY AND INTERNATIONAL A FFAIRS DIV

PDF Url : ADA324411

Report Date : MAY 1997

Pagination or Media Count : 32

Abstract : Despite the regularity with which defense acquisition programs have experienced cost overruns and schedule delays, the Department of Defense (DoD) does have an extensive system intended to provide program managers and others with early warnings of cost and schedule problems. In 1967, DoD issued a set of cost/schedule control system (CS2) criteria that it required defense contractors to meet. However, it has become widely accepted by DoD and the defense industry alike that this process is in need of reform. This report addresses the problems facing the CS2 process, the progress DoD has made with reforms, and the challenges DoD faces in fostering and managing potentially significant changes.

Descriptors :   *FINANCIAL MANAGEMENT, *CONTRACT ADMINISTRATION, *MILITARY PROCUREMENT, DEPARTMENT OF DEFENSE, MANAGEMENT INFORMATION SYSTEMS, MANAGEMENT PLANNING AND CONTROL, COST EFFECTIVENESS, CONTRACTORS, COST ESTIMATES, DEFENSE INDUSTRY, COST OVERRUNS.

Subject Categories : Administration and Management
      Logistics, Military Facilities and Supplies

Distribution Statement : APPROVED FOR PUBLIC RELEASE