Space Station: Status of Financial Reserves.

Abstract

As you requested, we are providing information on the financial reserves available to offset risks associated with the National Aeronautics and Space Administration's (NASA) Space Station Freedom program. In a May 1, 1991, testimony before your subcommittee, we stated our concern that the space station program was not maintaining adequate financial reserves to cover unanticipated contingencies commensurate with the high risk nature of this program. Our concern was based on the effects inadequate reserves could have on the overall success of the program, including reductions in program content, schedule delays, or cost growth. In testimony the following day, NASA stated that about 26 percent, or $4 billion, of the estimated cost to develop and operate the redesigned space station for fiscal year 1992 through fiscal year 1999 was financial reserves. NASA also noted that these reserves were adequate to cover unforeseen future contingencies. (KAR) P. 2

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Document Details

Document Type
Technical Report
Publication Date
Jul 01, 1992
Accession Number
ADA298418

Entities

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Congress
  • Cost Estimates
  • Costs
  • Data Management
  • Earth Orbits
  • Governments
  • Ground Support
  • Ground Support Equipment
  • House Of Representatives
  • Low Earth Orbits
  • National Security
  • Software Testing
  • Space Debris
  • Space Stations
  • Transportation
  • United States

Readers

  • Aerospace Engineering.
  • Defense Acquisition Program Management
  • Military Mobilization and Reserve Forces Studies.

Technology Areas

  • Space