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 <subject>Aerospace contracts</subject>
 <subject>Cost analysis</subject>
 <subject>Cost overruns</subject>
 <subject>Future budget projections</subject>
 <subject>Program management</subject>
 <subject>Research and development contracts</subject>
 <subject>Risk assessment</subject>
 <subject>Risk management</subject>
 <subject>Schedule slippages</subject>
 <subject>Space exploration</subject>
 <subject>Strategic planning</subject>
 <subject>Target architecture</subject>
 <subject>Crew Exploration Vehicle</subject>
 <subject>Crew Launch Vehicle</subject>
 <subject>NASA Constellation Program</subject>
 <subject>Vision for Space Exploration</subject>
 <type>Testimony</type>
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<titleInfo>
 <title>NASA: Sound Management and Oversight Key to Addressing Crew Exploration Vehicle Project Risks</title>
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<abstract>The National Aeronautics and Space Administration (NASA) plans to
spend nearly $230 billion over the next two decades implementing 
the President&apos;s Vision for Space Exploration (Vision) plans. In  
July 2006, GAO issued a report that questioned the program&apos;s	 
affordability, and particularly, NASA&apos;s acquisition approach for 
one of the program&apos;s major projects--the Crew Exploration Vehicle
(CEV). This testimony, which is based upon that report and	 
another recent GAO report evaluating NASA&apos;s acquisition policies,
highlights GAO&apos;s continuing concerns with (1) the affordability  
of the exploration program; (2) the acquisition approach for the 
CEV, and; (3) NASA&apos;s acquisition policies that lack requirements 
for projects to proceed with adequate knowledge.</abstract>
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<identifier type="preferred citation">GAO-06-1127T</identifier>
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<note>Testimony</note>
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 <searchTitle>GAO-06-1127T; NASA: Sound Management and Oversight Key to Addressing Crew Exploration Vehicle Project Risks;
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<subject>
 <topic>Aerospace contracts</topic>
 <topic>Cost analysis</topic>
 <topic>Cost overruns</topic>
 <topic>Future budget projections</topic>
 <topic>Program management</topic>
 <topic>Research and development contracts</topic>
 <topic>Risk assessment</topic>
 <topic>Risk management</topic>
 <topic>Schedule slippages</topic>
 <topic>Space exploration</topic>
 <topic>Strategic planning</topic>
 <topic>Target architecture</topic>
 <topic>Crew Exploration Vehicle</topic>
 <topic>Crew Launch Vehicle</topic>
 <topic>NASA Constellation Program</topic>
 <topic>Vision for Space Exploration</topic>
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