National Aeronautics and Space Admin. : Long-Standing Financial Management Challenges Threaten the Agency's Ability to Manage Its Programs

Download or read book National Aeronautics and Space Admin. : Long-Standing Financial Management Challenges Threaten the Agency's Ability to Manage Its Programs written by Gregory D. Kutz and published by DIANE Publishing. This book was released on 2009 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2005, there was testimony on the status of NASA¿s financial mgmt. reform efforts. NASA faces major financial mgmt. challenges that, if not addressed, will weaken its ability to manage its highly complex programs. NASA has been a high-risk agency since 1990 because of its failure to effectively oversee its contracts, due in part to the agency¿s lack of accurate and reliable info. on contract spending. This statement focuses on: NASA¿s key financial mgmt. challenges; how NASA¿s financial mgmt. challenges compare with other fed. agencies; an assessment of NASA¿s progress toward implementing recommendations aimed at improving its financial mgmt. system; and the steps NASA must take to reform its financial mgmt. organization. Charts.