The Impact of the Packard Commission's Recommendations on Reducing Cost Overruns in Major Defense Acquisitions Programs
David A. Searle
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The Impact of the Packard Commission's Recommendations on Reducing Cost Overruns in Major Defense Acquisitions Programs

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The phenomenon of cost overruns in Department of Defense acquisition programs has been a problem for decades. In fact, regulations to control defense procurements extend as far back as the 1940's. However, these policies have accomplished little in controlling or reducing the problem. A 1993 Rand Corporation study discussed the extent of cost growth in the DoD and indicated that cost growth has fluctuated around 20 percent since the mid 1960's and that little improvement has occurred over time (Drezner and others, 1993:2). Other research indicates that the average cost overrun on DoD acquisiti...