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 <subject>Defense budgets</subject>
 <subject>Defense capabilities</subject>
 <subject>Internal controls</subject>
 <subject>Performance measures</subject>
 <subject>Policy evaluation</subject>
 <subject>Risk management</subject>
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<titleInfo>
 <title>Defense Management: Additional Actions Needed to Enhance DOD&apos;s Risk-Based Approach for Making Resource Decisions</title>
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<abstract>The Department of Defense (DOD) is simultaneously conducting
costly military operations and transforming its forces and	 
business practices while it is also competing for resources in an
increasingly constrained fiscal environment. As a result, GAO has
advocated that DOD adopt a comprehensive threat or risk 	 
management approach as a framework for decision making. In its	 
2001 strategic plan, the Quadrennial Defense Review (QDR), DOD	 
stated its intent to establish an approach--the risk management  
framework--to balance priorities against risk over time and	 
monitor results against its strategic goals. GAO was asked to (1)
assess the extent to which DOD has implemented the framework,	 
including using it to make investment decisions, and (2) identify
the most significant challenges DOD faces in implementing the	 
framework, or a similar approach.</abstract>
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 <topic>Accountability</topic>
 <topic>Decision making</topic>
 <topic>Defense budgets</topic>
 <topic>Defense capabilities</topic>
 <topic>Internal controls</topic>
 <topic>Performance measures</topic>
 <topic>Policy evaluation</topic>
 <topic>Risk management</topic>
 <topic>Strategic planning</topic>
 <topic>Transparency</topic>
 <topic>DOD Quadrennial Defense Review</topic>
 <topic>OMB Program Assessment Rating Tool</topic>
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  <title>United States Public Law 62 (103rd Congress)</title>
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