Financial Management of the RAH-66 Comanche Helicopter Program.
Abstract
This report is the second of a series of reports on the audit of the acquisition of the RAH-66 Comanche. This report addresses issues pertaining to the earned value management system, the award fee, and life-cycle costs. The Army spent $3.6 billion in research, development, test and evaluation funds through FY 1997 and is planning to spend and additional $4.3 billion through FY 2009. The Army plans to begin fielding the helicopter in 2006 for improved armed reconnaissance capability. Audit Objective. The audit objective was to evaluate the overall management of the Comanche Program. The specific objective of this portion of the audit was to evaluate the financial aspects of program management. The previous report, Inspector General, DoD, Report No. 98-125, covered the protection of the Comanche helicopter against radio frequency weapons, and a subsequent report will cover acquisition issues. We also reviewed the adequacy of the management control program as it applied to the specific stated audit objective. Audit Results. The Cost Performance Reports did not present an informative picture of the Comanche Program. Also, the process for determining the award fee was not fully documented. In addition, the life-cycle cost was underestimated.
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 06, 1998
- Accession Number
- ADA367861
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense