Billions Invested in Programs Lack Adequate Oversight

November 26, 2008
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While DHS’s investment review process calls for executive decision making at key points in an investment’s life cycle–including program authorization–the process has not provided the oversight needed to identify and address cost, schedule, and performance problems in its major investments. Poor implementation of the process is evidenced by the number of investments that did not adhere to the department’s investment review policy–of DHS’s 48 major investments requiring milestone and annual reviews, 45 were not assessed in accordance with this policy.  (American Chronicle)