Underestimation of Funding Requirements in Five Year Procurement Plans (Briefing Paper).
Abstract
This briefing paper responds to a number of Congressional requests for an independent assessment to gauge the size of the underfunding problem with particular attention to the procurement accounts of the FYDP (Five Year Defense Plans). The results of our analysis are presented in three parts: First, we discuss an historical perspective of the relationship between DOD's five year program plans and the Total Obligational Authority (TOA) appropriated in an attempt to execute those plans. Second, we discuss DOD cost estimating practices and methodologies, the disparity between estimates and reality, and the impact of DOD initiatives to control procurement cost growth. Finally, we present results of a statistical analysis forecasting potential future underestimates of DOD budget requirements. We look first at procurement and then the FY 1984 - 1988 FYDP as a whole.
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 12, 1984
- Accession Number
- ADA142181
Entities
Organizations
- United States Government Accountability Office