DOD FINANCIAL MANAGEMENT: Integrated Approach, Accountability, Transparency, and Incentives Are Keys to Effective Reform

Abstract

Overhauling financial management represents a major management challenge that goes far beyond financial accounting to the very fiber of the departments range of business operations and management culture. Previous administrations over the past several decades have tried to address these problems in various ways but have largely been unsuccessful. In this regard, on September 10, 2001, Secretary of Defense Rumsfeld announced a broad initiative intended to transform the way the department works and what it works on that he estimated could save 5 percent of DODs budgetor an estimated $15 to $18 billion annually. The Secretary recognized that transformation would be difficult and expected the needed changes would take 8 or more years to complete.

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Document Details

Document Type
Technical Report
Publication Date
Mar 06, 2002
Accession Number
AD1166846

Entities

People

  • Darby Smith
  • David J. Warren
  • David M. Walker
  • Geoffrey Frank
  • Gregory D. Kutz
  • Henry I. Jr Hinton
  • Jack Brock
  • Jeffrey C. Steinhoff
  • Jeffrey Jacobson
  • Randolph Hite
  • William Hill

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Biomedical
  • Cyber
  • Weapons Technologies

DTIC Thesaurus Topics

  • Accountability
  • Acquisition
  • Best Practices
  • Business Administration
  • Civilian Personnel
  • Contract Administration
  • Contracts
  • Department Of Defense
  • Financial Management
  • Information Systems
  • Management Personnel
  • Money
  • National Security
  • Organizational Structure
  • Personnel Management
  • Procurement
  • Standards
  • United States

Readers

  • Defense Acquisition Program Management