Underestimation of Funding Requirements in Five Year Procurement Plans (Briefing Paper).
GENERAL ACCOUNTING OFFICE WASHINGTON DC NATIONAL SECURITY AND INTERNATIONAL AFFAIRS DIV
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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 DODs 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.
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