New Audit Announcements
Audit Initiated of Departmental Review Processes for FAA’s High-Risk Major Systems Acquisitions
The Department of Transportation's (DOT's) Investment Review Board (IRB) and the Federal Aviation Administration's (FAA's) Joint Resources Council (JRC) are executive governance boards responsible for the approval and oversight of the annual investment of billions of dollars in major systems acquisitions. FAA’s fiscal year 2012 request for its capital investment portfolio exceeds $3.1 billion. Our objective is to assess the effectiveness of the DOT’s IRB and FAA’s JRC investment and acquisition review processes to ensure that the FAA's high-risk major program acquisitions are effectively planned and implemented to meet mission needs and achieve desired cost, schedule, and performance goals.