On Sept. 8, 1982, Pres. Ronald Reagan signed into law the DoD Authorization Act which included what has come to be known as the Nunn-McCurdy (NM) Act. The NM Act requires DoD to report to Congress whenever a major defense acquisition program experiences cost overruns that exceed certain thresholds. Contents of this report: (1) Intro.; (2) Background: What is a NM Breach?: NM Thresholds; NM Timelines; Conseq. of a Critical NM Breach; Effectiveness of the NM Act: NM as a Reporting Mechanism; NM as a Mechanism for Controlling Cost Growth; (3) Issues for Congress: NM as a Reporting and Mgmt. Tool; Shortening the NM Timeline; Managing Admin. Breaches; Applying NM-Type Reporting Requirements to OaS Costs. Illus.2 These thresholds are based on a comparison between a programa#39;s actual costs and the current baseline estimate or the original baseline estimate (defined below). ... systems, including the Black Hawk helicopter and the Patriot missile system, experienced substantial cost overruns. ... requirement for programs experiencing cost overruns.3 It was believed that publicly exposing cost overruns wouldanbsp;...
|Publisher||:||DIANE Publishing - 2010-11|