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Resolution Trust Corporation: Automation Efforts Need Management Attention

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Report Type Reports and Testimonies
Report Date Oct. 16, 1990
Report No. T-IMTEC-91-1
Subject
Summary:

GAO discussed the Resolution Trust Corporation's (RTC) management of its Real Estate Owned Asset Management System, which tracks RTC management and disposal of real estate assets. GAO noted that: (1) RTC strengthened its information resources management (IRM) activities by developing strategic IRM principles and systems architecture; (2) the absence of adequate management planning and controls could result in cost overruns, schedule delays, and delivery of systems that do not meet mission needs; and (3) a broad contract could lock RTC into a technology solution before it completes its strategic IRM planning and formulation of systems architecture. GAO believes that: (1) RTC actions to develop its IRM framework are steps in the right direction; (2) the broad scope of the contract could prematurely establish the foundation for all RTC systems; and (3) sound management principles would minimize the risk of incurring unnecessary costs, long delays, and elusive benefits.

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