Data analytics in procurement fraud prevention
Phillips, Thurman B.
Lanclos, Raymond J.
Rendon, Rene G.
Rendon, Juanita M.
Eger, Robert J.
MetadataShow full item record
The purpose of this research project is to explore the viability of detecting anomalies through using data analytics software as a tool in procurement fraud prevention and to analyze its potential policy implications on federal procurement stakeholders. According to a survey conducted in 2012 by the Association of Certified Fraud Examiners, organizations lose an estimated 5% of their revenues to fraud each year. In order to relate this estimate to the Department of Defense (DOD), this estimated percentage was applied to the requested DOD FY 2013 budget of $613.9 billion outlined in the Fiscal Year 2013 Budget Overview, resulting in a projected total fraud loss of $30.7 billion. The use of data analytics software has the potential to not only detect fraudulent procurements, but also to help deter fraudulent activities before they occur. The results of this research study will be a recommendation on the use of data analytics as a tool to detect anomalies that may indicate procurement fraud in DOD organizations.
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.
Showing items related by title, author, creator and subject.
Lanclos, Joseph; Phillips, Thurman; Naval Postgraduate School Acquisition Research Program (2014-05-01); NPS-CM-14-017The purpose of this research project is to explore the viability of detecting anomalies through using data analytics software as a tool in procurement fraud prevention and to analyze its potential policy implications on ...
III, Robert J. Eger; Smith, Christy (Wiley, 2020-10);From a stakeholder perspective, this study explores the viability of data analytics as a tool in government fraud prevention. Using an interview methodology, we analyze the implications of business intelligence and analytics ...
Apte, Aruna; Arruda, Corey; Clark, Austin; Landale, Karen (Emerald Publishing Limited, June 3, 20);Purpose – In an increasingly budget-constrained environment, the Department of Defense (DoD) must maximize the value of fiscal resources obligated on service contracts. Over half of DoD procurement spending between 2008 ...