Missile Defense: Cost Estimating Practices Have Improved, and Continued Evaluation Will Determine Effectiveness
GOVERNMENT ACCOUNTABILITY OFFICE WASHINGTON DC
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The National Defense Authorization Act for Fiscal Year 2014 mandated that MDA submit a report to the congressional defense committees by December 26, 2014, describing, among other things, the actions it has taken to improve the quality of its cost estimates, the schedule for any remaining actions, and how those actions compare to the best practices and cost-estimation guidelines recommended by GAO. In addition, the agencys report must also include GAOs views on its contents. This report includes our assessment of MDAs October 2014 draft report and the extent to which MDAs past and planned actions are in line with GAO best practices. Specifically, our assessment focuses on four key actions MDA has taken to improve the quality of its cost estimates 1 releasing a June 2012 Cost Estimating and Analysis Handbook, 2 performing internal cost reviews, 3 assembling an independent cost assessment team, and 4 receiving independent cost estimates from the Office of the Secretary of Defense for Cost Assessment and Program Evaluation CAPE. This report is being published prior to the release of MDAs report so that it can be included as mandated in MDAs final report to congressional defense committees.
- Administration and Management
- Antimissile Defense Systems