Analysis of elements of the Continuous Monitoring Program
Bolls, Matthew L.
Euske, Kenneth J.
Mutty, John E.
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This project was conducted with the sponsorship and assistance of Commander Naval Surface Forces (COMNAVSURFOR). The purpose of this project was to analyze the Continuous Monitoring Program (CMP) and the data reported therein as compared to the Budget Operating Target Report (BOR). The analysis focused on the Ticonderoga Class Cruisers and Oliver Hazard Perry Class Frigates. The analysis was designed to provide COMNAVSURFOR with the possible reasons for differences in financial reporting between the CMP and BOR and provide COMNAVSURFOR the opportunity to increase financial reporting timeliness, accuracy, and completeness of the surface fleet. A methodology was developed to analyze financial reporting within the cruiser and frigate classes at five different levels: timeliness of BOR submissions, timeliness of and CMP submissions, grant accuracy, balance accuracy, and fund code use and accuracy. The cruisers and frigates were classified into groups based on their hull type, fleet, and homeport to see if there were relationships within the different groupings. A Beta Test was run on six ships for two months, which tested the recommended alternatives to financial reporting and evaluated the effectiveness of these changes. The results were that the Beta Test ships experienced a 42.78 percent increase in reporting accuracy by using these alternatives. The potential benefits of implementing these alternatives to COMNAVSURFOR should provide the opportunity to increase financial reporting timeliness, accuracy, and completeness by the surface fleet, thereby creating the opportunity to redistribute financial resources to lessen shortfalls.
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