DoD: Cost overruns – CPI

 Senator Warns Of A ‘Crisis’ In Pentagon Cost Overruns(New York Times)…Charlie Savage

The chairman of the Senate Armed Services Committee on Tuesday declared that cost overruns for Defense Department weapons had “reached crisis proportions,” after government auditors reported that the projected final cost of the Pentagon’s major programs had ballooned $295 billion over initial budget estimates.

Czar Pitched To Rein In Pentagon. (Washington Times)…Rowan Scarborough

The Pentagon is so awash in cost-bloated weapon systems that it now needs a pricing czar to double-check estimates that have missed the mark by a staggering $295 billion in just the past several years.

DoD issued guidance on their Continuous Process Improvement (CPI) Transformation Initiative in May 2006. Gordon England, Deputy Secreatary of Defense reinforced the expectation that

…”every DoD organization is focused every day on improving the effectiveness of our support for the Warfighter.”

Cost overruns on systems nothing new.