Data Analytics in Procurement Fraud Prevention
Naval Postgraduate School Acquisition Research Program
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 Fiscal Year 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. This research study results in a recommendation on the use of data analytics as a tool to detect anomalies that may indicate procurement fraud in DOD organizations.
No PDF Available.Annual Acquisition Research Symposium
NPS Report NumberNPS-CM-14-017
Showing items related by title, author, creator and subject.
Phillips, Thurman B.; Lanclos, Raymond J. (Monterey, California: Naval Postgraduate School, 2014-06);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 ...
Phillips, Bert; Lanclos, Joey; Naval Postgraduate School Acquisition Research Program (2014-05-01); NPS-AM-14-C11-170Procurement fraud, and the battle to prevent it, wastes critical DoD resources of money, manpower, and time. The currently employed process of procurement fraud prevention is an antiquated system of reactive discovery ...
Application of big data analytics to support homeland security investigations targeting human smuggling networks Hodge, Thomas A. (Monterey, California: Naval Postgraduate School, 2018-03);Human smuggling organizations facilitating the smuggling of aliens into the United States have an unlawful network supporting their illicit transnational activities. Identifying those networks and the key facilitators is ...