Acquisition Reform: Implementation of Title V of the Federal Acquisition Streamlining Act of 1994.

The report reviews the Department of Defenses DOD and civilian agencies implementation of the performance-based acquisition management provisions of title V of the Federal Acquisition Streamlining Act FASA of 1994 P.L. 103-355. Specifically, the report determined 1 the status of DODS and civilian agencies implementation of title V requirements, 2 the agencies progress in implementing title V in the required time frames, and 3 significant obstacles and barriers to effective implementation. Congress has long been concerned that federal agencies acquisition practices are wasteful and add billions to acquisition costs. For example, cost overruns of more than 100 percent have been reported in DOD and Federal Aviation Administration programs. FASA, signed into law on October 13,1994, contained more than 200 sections changing the laws that govern how agencies acquire almost 200 billion of goods and services annually. Title V of FASA is designed to foster the development of 1 measurable cost, schedule, and performance goals and 2 incentives for acquisition personnel to reach these goals. Title V performance-based management provisions are detailed in subtitle A for DOD and subtitle B for civilian agencies.