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Financial Management: Status of the Defense Business Operations Fund

  Premium   Download PDF Now (26 pages)
Report Type Reports and Testimonies
Report Date June 15, 1992
Report No. AFMD-92-79
Subject
Summary:

Potential benefits of the Defense Business Operations Fund include reducing the Defense Department's (DOD) operations costs by providing managers with better information for making decisions. Key policies and systems necessary to run the fund in a businesslike way have not been fully developed and implemented, however. Although DOD plans to implement most of the fund's policies by the end of this fiscal year, it does not plan to select standard systems until early next year. DOD officials said that it will take another three years to make these systems fully operational. By taking short-term actions to improve the data quality in existing systems, DOD can more quickly realize the fund's cost-saving potential.

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