Financial Management: June 2004 Archives

23 June 2004: NASA: Lack of Disciplined Cost-Estimating Processes Hinders Effective Program Management GAO-04-642, GAO

"NASA has limited ability to collect the program cost and schedule data needed to meet basic cost-estimating criteria. For example, as GAO has previously reported, NASA does not have a system to capture reliable financial and performance data key to using effectively the cost-estimating tools that NASA officials state that programs employ. Further, without adequate financial and nonfinancial data, programs cannot easily track an acquisition's progress and assess whether the program can meet its cost and schedule goals before it incurs significant cost and schedule overruns."

Space and taxes

21 June 2004: Senator Bill Nelson requests expedited probe of NASA contractors for unpaid taxes

"Spurred in part by a new recommendation to the president that NASA allow more private sector involvement in space operations, U.S. Sen. Bill Nelson today called for an expedited investigation into NASA contractors who get work despite owing unpaid taxes. Nelson's request also comes in response to an earlier study by the General Accounting Office that revealed 27,000 contractors for the Defense Department owe the government over $3 billion in unpaid federal taxes. Forty-seven of those contractors received closer scrutiny; and, a top GAO official has confirmed for Nelson that several work for NASA."



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This page is an archive of entries in the Financial Management category from June 2004.

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