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Program Assessment
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Program
View Assessment Details
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Bureau of Engraving and Printing: Protection and Accountability
The purpose of the Bureau of Engraving and Printing (BEP) Protection and Accountability activity is to provide security and accountability during the manufacture and delivery of United States currency to the Federal Reserve, as well as to protect thousands of BEP employees and contractors, facilities and equipment.
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Rating
What This Rating Means |
PERFORMING
Effective
This is the highest rating a program can achieve. Programs rated Effective set ambitious goals, achieve results, are well-managed and improve efficiency.
- This program is on track to reduce security costs by 43% from 2006 to 2012. To do so, this program contracts with the private sector, provides an incentive program to employees exceeding aggressive performance standards, and has implemented a suggestion program that awards employees with a share of cost savings. From 2004 to 2006 BEP has saved over $1.3 million implementing employee suggestions.
- This program maintains high consistency and reliability standards, demonstrated by its ISO 9001 certification. ISO is an internationally recognized quality assurance program.
- Guarding against theft is a priority of this program. However, since 2003 the Bureau reported two incidents of theft. After each incident the program requested independent security professionals to conduct threat assessments of facilities and processes. The program has been highly responsive to deficiencies found during these evaluations and has worked to implement all recommendations.
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Improvement Plan
About Improvement Plans |
We are taking the following actions to improve the performance of the program:
- Performing in-depth, annual assessments of the program's security and accountability by an internal group not associated with the program and contracting with an outside group on a 2- to 3-year cycle.
- Ensuring that proper accountability and security features are identified and addressed during each stage of acquisition and installation of new equipment.
- Updating and revising the Bureau's strategic plan; the new plan will focus on enhancing the Protection and Accountability program.
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