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<classification authority="sudocs">GA 1.13:GAO-06-216T</classification>
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 <subject>Contract administration</subject>
 <subject>Cost analysis</subject>
 <subject>Cost control</subject>
 <subject>Financial management</subject>
 <subject>Financial management systems</subject>
 <subject>Financial statement audits</subject>
 <subject>Internal controls</subject>
 <subject>Program evaluation</subject>
 <subject>Program management</subject>
 <subject>Strategic planning</subject>
 <subject>Cost estimates</subject>
 <subject>NASA Integrated Enterprise Management</subject>
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 <title>National Aeronautics and Space Administration: Long-standing Financial Management Challenges Threaten the Agency&apos;s Ability to Manage Its Programs</title>
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<abstract>Congress asked GAO to testify on the status of the National
Aeronautics and Space Administration&apos;s (NASA) financial 	 
management reform efforts. NASA faces major financial management 
challenges that, if not addressed, will weaken its ability to	 
manage its highly complex programs. NASA has been on GAO&apos;s	 
high-risk list since 1990 because of its failure to effectively  
oversee its contracts, due in part to the agency&apos;s lack of	 
accurate and reliable information on contract spending. GAO&apos;s	 
statement focuses on (1) NASA&apos;s key financial management	 
challenges, (2) how NASA&apos;s financial management challenges	 
compare with other federal agencies, (3) GAO&apos;s assessment of	 
NASA&apos;s progress toward implementing recommendations aimed at	 
improving its financial management system, and (4) the steps NASA
must take to reform its financial management organization. In its
related report, released today, GAO recommends that NASA develop 
an integrated enterprise master schedule and			 
milestones--including improvement activities and plans, dates for
completion, performance measures, and clear accountability.</abstract>
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<identifier type="preferred citation">GAO-06-216T</identifier>
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<note>Testimony</note>
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 <topic>Contract administration</topic>
 <topic>Cost analysis</topic>
 <topic>Cost control</topic>
 <topic>Financial management</topic>
 <topic>Financial management systems</topic>
 <topic>Financial statement audits</topic>
 <topic>Internal controls</topic>
 <topic>Program evaluation</topic>
 <topic>Program management</topic>
 <topic>Strategic planning</topic>
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 <topic>NASA Integrated Enterprise Management</topic>
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