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Need for Improved Cost Estimating on Major Weapon Systems and Credible Reporting of Planned and Actual Costs
I am pleased to be here today to discuss the need for improved cost estimating on major weapon systems and credible reporting of planned and actual costs. I will be talking about cost growth, the Department of Defense's (DOD's) cost estimating and reporting, and the underestimation of funding requirements in Five-Year Defense Programs (FYDPs).
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