High Risk Issue
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IssueView Detailed Plan |
NASA Contract ManagementProblem: The success of the National Aeronautics and Space Administration (NASA) depends on the work of its contractors ?? on which NASA spends about 85 percent of its annual budget. GAO designated NASA's contract management as high risk in 1990 principally because NASA has lacked a modern financial management system (FMS) to provide accurate and reliable information on contract spending. Although progress has been made in implementing a FMS, more emphasis on project performance, cost controls, and program outcomes is still needed for NASA to effectively meet the considerable challenges it faces in managing its contracts and making informed investment decisions. PARTWeb contains an executive summary of NASA's Corrective Action Plan. The full plan is available on NASA's website at http://www.nasa.gov/news/budget/index.html, under Government Accountability Office High-Risk Improvement Plans. Goal: Improve the effectiveness of its program/project management, including monitoring and analyzing contractor performance; life-cycle cost/schedule management practices; cost estimating practices; and associated business processes. |
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