Cost Growth: Perception and Reality
DEFENSE ACQUISITION UNIV FT BELVOIR VA
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From the Government Accountability Office to think tanks and politicians, everyone agrees that rising weapons costs are evidence of acquisition system failure. However, in the complaints about cost growth, many basic questions go unanswered Is cost growth always bad What is cost growth How serious is it Why does it matter What tools are really effective in combating it A close examination of these questions reveals many misconceptions. These misconceptions lead acquisition executives to implement an endless cycle of reforms that begin with high hopes, yet prove disappointing in execution. This article analyzes the nature of cost growth, assesses its practical effects, surveys the recent literature, and offers insights about which actions are most effective.
- Economics and Cost Analysis
- Logistics, Military Facilities and Supplies