Financial Indicators Task Group
DEFENSE BUSINESS BOARD WASHINGTON DC
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The Defense Business Practice Implementation Board DBB was tasked with providing recommendations on the identification, development and use of meaningful financial indicators, ratios, and analyses for the Department of Defense. The Board relied on private sector best practices in the development and implementation of the metrics. The use of these tools will be critical to the Secretary of Defenses efforts at Department-wide transformation, particularly as they relate to financial management. The Task Group was asked to provide the following deliverables 1 Identify 10-12 high-level financial management indicators that are meaningful and relevant to the senior decisionmaking process within the Department of Defense. 2 Describe the value of the indicators to senior managers. 3 Define a simple, repeatable methodology for gathering the information and construction of the indicators on a regular basis.
- Economics and Cost Analysis