Air Traffic Control: Improved Cost Information Needed to Make Billion Dollar Modernization Investment Decisions
-
1997-01-01
Details:
-
Corporate Contributors:
-
Subject/TRT Terms:
-
Publication/ Report Number:
-
Resource Type:
-
Geographical Coverage:
-
TRIS Online Accession Number:00736864
-
NTL Classification:NTL-AVIATION-Air Traffic Control;NTL-AVIATION-Airports and Facilities;NTL-AVIATION-Aviation Economics and Finance;NTL-AVIATION-Aviation Planning and Policy;
-
Abstract:This Government Accounting Office report addresses the reliability of the cost information critical to capital investment decision-making on air traffic control projects. Specifically, the GAO evaluated the Federal Aviation Administration's processes for estimating what projects will cost and the related accounting for actual project costs. The GAO concluded that multimillion dollar, and even billion-dollar, investment decisions on air traffic control modernization
projects are being made without reliable information on the projects' estimated and actual costs. FAA does not have well-defined, structured estimating processes that are rigorously followed, and does not disclose the estimates' inherent uncertainty. Without better estimates of cost, FAA's new investment analysis and decision-making processes are unlikely to be effective.
-
Format:
-
Collection(s):
-
Main Document Checksum:
-
File Type:
Supporting Files
-
No Additional Files
More +