Financial Management Systems: HUD Needs to Address Management and Governance Weaknesses That Jeopardize Its Modernization Efforts

Abstract

HUD is responsible for managing and reporting on the nearly $45 billion it spends annually for housing programs. The department has reported its reliance on outdated and costly-to maintain systems used for financial management functions. In 2013, HUD initiated a modernization program called New Core, which involved migrating financial management capabilities to a federal shared service provider, with expected benefits to include reducing legacy systems costs, improving the data, and resolving weaknesses in its financial management systems. After spending about $58 million over 3 years, HUD decided to end New Core development in April 2016. Congress included a provision for GAO to review the New Core program. This review (1) determined the financial management systems capabilities implemented through New Core and (2) evaluated HUD's implementation of key IT management practices applied to the program. GAO reviewed New Core plans and documentation to assess the capabilities delivered, compared HUD's implementation to recognized IT practices, and interviewed relevant agency officials.

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Document Details

Document Type
Technical Report
Publication Date
Jul 01, 2016
Accession Number
AD1176852

Entities

People

  • Amanda C. Gill
  • Carroll M. Jr Warfield
  • Christopher G. Businsky
  • Donald A. Baca
  • Jason T. Lee
  • Juana S. Collymore
  • Kami J. Brown
  • Lee A. Mccracken
  • Michael S. Laforge
  • Sukhjoot Singh
  • Teresa M. Yost
  • Valerie C. Melvin

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Biomedical
  • Human Systems

DTIC Thesaurus Topics

  • Accounting
  • Best Practices
  • Business Administration
  • Congress
  • Control Systems
  • Cost Estimates
  • Data Analysis
  • Financial Management
  • Governments
  • Information Systems
  • Lessons Learned
  • Management Personnel
  • Money
  • Organizational Structure
  • Personnel Management
  • Procurement
  • Program Management
  • Project Management
  • Social Media
  • Standards
  • United States
  • United States Government

Fields of Study

  • Business

Readers

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