Defense Business Fund

AFMD-92-46R: Published: Feb 18, 1992. Publicly Released: Feb 18, 1992.

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GAO commented on the January 1992 Defense Business Operations Fund Implementation Plan Report. GAO noted that the Plan was not structured and detailed enough to ensure that the Fund would achieve its goals. GAO also noted that a minimum, segments of the Plan should: (1) define the objectives and scope of Fund operations and the specific results to be achieved; (2) clearly describe the policies and procedures to operate the Fund; (3) identify steps for evaluating systems, internal controls, and data requirements supporting Fund operations; (4) specify educational requirements for fund users and personnel; and (5) identify the criteria and approach for determining Fund success. In addition, GAO noted that the Plan could: (1) establish boundaries for the project and provide a basis for monitoring progress and holding individuals accountable; and (2) reassess and realign milestones as required.

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