Reform of Budgeting for Acquisition: Lessons from Private Sector Capital Budgeting for the Department of Defense
McCaffery, Jerry L.
Jones, Lawrence R.
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Current trends in federal budgeting move us to conclude that the argument for implementing capital budgeting in the federal government should be revisited. It is clear that significant changes would have to occur in the present system if private sector capital budgeting methods were adopted by the DoD and other agencies of the federal government. However, there are examples of public organizations that have made this leap. The governments of New Zealand, Australia and the United Kingdom, as well as most of the states in the US, have adopted some private budgeting methods with varying degrees of success. This report explores how capital budgeting is practiced in the private sector, in other governments and how some of this could be applied in the federal government and Department of Defense. The report also provides a brief critique of DOD acquisition budgeting.
Sponsored Report (for Acquisition Research Program)
NPS Report NumberNPS-FM-06-029
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Reform of budgeting for acquisition: lessons from private sector capital budgeting for the Department of Defense McCaffery, Jerry L.; Jones, Lawrence R. (Monterey, California. Naval Postgraduate School, 2006-09-30); NPS-GSBPP-06-014Current trends in federal budgeting move us to conclude that the argument for implementing capital budgeting in the federal government should be revisited. It is clear that significant changes would have to occur in the ...
Reform of Budgeting for Acquisition: Lessons from Private Sector Capital Budgeting for the Department of Defense McCaffery, Jerry; Jones, Larry (2006-04-01); NPS-FM-06-072The ongoing replacement of Department of Defense (DoD) capital assets, as well as other much needed capital investments, will likely take place during a time of decreasing, or at least slowly growing financial resources ...
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