It was two years ago that strategic sourcing became a “thing” again in Federal acquisition. In a watershed moment for Federal strategic sourcing, GAO’s report from October 2012 said that across the board, Federal agencies were only leveraging a fraction of their buying power—leaving as much as $50 billion per year in potential cost savings […]
Read MoreWith increasing public scrutiny of both high executive compensation and the performance of Federal contractors, Congress included in the Bipartisan Budget Act of 2013 a provision to lower the amount of executive compensation for which Federal contractors may be reimbursed. The December issue of the Management Concepts Press Federal Acquisition Report explains how the DoD’s […]
Read MoreAccumulating costs for the purposes of properly capitalizing assets can be very challenging for agencies with large complex acquisitions. For agencies like DoD and NASA, asset capitalization can be especially difficult. In fact, appropriately valuing assets is one of the most significant challenges to audit readiness. The Federal Accounting Standards Advisory Board’s (FASAB) most recent […]
Read MoreAny workforce – including the government – is dynamic and will continue to change. But what do we do when strong IT leaders step down? Late last month both DoD CIO Teri Takai and head of GSA’s Office of Citizen Services and Innovative Technologies Dave McClure announced their resignations – both are innovative and strong […]
Read MoreAs the Department of Defense nears the FY 2017 deadline for asserting audit ready financial statements, managing risks to meeting the requirements of the National Defense Authorization Acts becomes increasingly important. Today, DoD is making progress in implementing internal controls to manage financial reporting risks, but is doing very little to identify and manage program […]
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