
20-December-2008, 07:22 AM
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Order of Kilopi
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Join Date: Mar 2004
Posts: 13,451
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LA Times: NASA's spending is under scrutiny
Quote:
Of 74 questions submitted to the agency by Obama's NASA transition team, more than half asked about basic spending issues, including cost overruns.
[...]
For nearly two decades, NASA and its out-of-this-world projects have made a "high-risk" list compiled by government auditors because of cost overruns totaling millions -- sometimes billions -- of dollars.
[...]
NASA says that part of the problem is the cutting-edge nature of what it does.
"We start these things out, and we admit up front we don't completely know how to do them. That is what makes them interesting," Griffin said recently.
Agency officials said they had improved financial controls -- including forcing managers to better estimate costs.
But the problem is so bad that the Congressional Budget Office estimated that NASA's new moon rocket would go over budget by as much as $7 billion. It based the estimate on an analysis of 72 other programs that blew their budgets by an average of about 50%.
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