Cost and Time Overruns for Major Defense Acquisition Programs: An Annotated Brief

Report Number: NPS-AM-11-C8P14R02-053

Series: Acquisition Management

Category: Major Defense Acquisition Programs (MDAPs)

Report Series: Proceedings Paper

Authors: David Berteau, Guy Ben-Ari, Joachim Hofbauer, Gregory Sanders, Jesse Ellman, David Morrow

Title: Cost and Time Overruns for Major Defense Acquisition Programs: An Annotated Brief

Published: 2011-04-01

Sponsored By: Acquisition Research Program

Status: Published--Unlimited Distribution

Research Type: Other Research Faculty

Full Text URL: http://acquisitionresearch.net/files/FY2011/NPS-AM-11-C8P14R02-053.pdf

Keywords: MDAPs, Cost Overruns, Time Overruns, Inaccurate Cost Estimates, Fixed Price Contracts, Program Performance

Abstract:

Cost and time overruns in Major Defense Acquisition Programs (MDAPs) have become a high-profile problem attracting the interest of Congress, government, and watchdog groups. According to the GAO, the 98 MDAPs from FY2010 collectively ran $402 billion over budget and were an average of 22 months behind schedule since their first full estimate. President Obama