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dc.contributor.authorAngelis, Diane
dc.contributor.authorFranck, Raymond
dc.contributor.authorDillard, John
dc.contributor.authorMelese, Francois
dc.date30-Sep-09
dc.date.accessioned2013-05-08T21:26:42Z
dc.date.available2013-05-08T21:26:42Z
dc.date.issued2009-09-30
dc.identifier.urihttp://hdl.handle.net/10945/33839
dc.descriptionSponsored Report (for Acquisition Research Program)en_US
dc.descriptionApproved for public release; distribution unlimited.en_US
dc.description.abstractThis study analyzes results from a survey of US Air Force Program Managers undertaken in 2008 by the National Research Council. The theoretical foundations of our supporting inquiry come from Transaction Cost Economics (TCE) and Agency Theory. In particular, we are concerned with the complications and costs of dealing with partners both outside DoD (TCE) and within (Principal-Agent Problem). The number of oversight reviews has steadily increased, with increasingly higher-level involvement. Accordingly, the resources and management attention devoted to these reviews has also increased. The NRC study attempted to assess program reviews with respect to value added and various costs incurred. Our analysis of the survey results distinguishes between technical and programmatic reviews. Technical reviews are conducted by the program manager (as principal) to monitor technical progress of the system contractors (agents). Programmatic reviews provide management oversight of the program manager (as agent) by higher-level authorities in DoD or Congress (principals). Our results suggest that program managers found some real value in some of their programmatic reviews, despite the common perception that reviews create excessive and burdensome levels of oversight. In addition, we found that program mangers gave relatively less value to technical reviews, a result some might find counterintuitive.en_US
dc.description.sponsorshipNaval Postgraduate School Acquisition Research Programen_US
dc.rightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.en_US
dc.titleTransaction Costs from a Program Manager's Perspectiveen_US
dc.typeReporten_US
dc.contributor.departmentProgram Management
dc.contributor.departmentNPS Faculty
dc.subject.authorTransaction Cost Economics (TCE)en_US
dc.subject.authorAcquisition, program management, transaction costs, principal-agent, technical reviews, management oversighten_US
dc.identifier.npsreportNPS-PM-09-142


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