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<abstract>This report, part of GAO&apos;s high risk series, discusses the major
management challenges and program risks facing the Nuclear Regulatory
Commission (NRC). GAO found that NRC must resolve issues related to its
risk-informed regulatory approach for commercial power plants. NRC
developed the Risk-Informed Regulation Implementation Plan to guide its
efforts to transition from its traditional regulatory approach to a
risk-informed approach. This Plan, however, is not as comprehensive as
it could be. GAO found that the plan lacked critical performance
measures and did not address activities that cut across agency
resources. NRC must also address the inherent difficulties in applying a
risk-informed approach to nuclear material licensees. Other challenges
facing NRC include strengthening its personnel management, developing an
effective cost accounting system, and resolving financial management
issues.</abstract>
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