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Cost Estimating NewsBrief: November 22, 2024
How CBO Projects the Long-Term Costs of the Department of Defense’s Future Years Defense Program
(Congressional Budget Office) In most years, the Department of Defense (DoD) produces a five-year plan, called the Future Years Defense Program (FYDP), that is associated with the budget it submits to the Congress. Because decisions made in the near term can affect the defense budget in the longer term, the Congressional Budget Office has projected DoD’s costs for the 10 to 15 years beyond the FYDP period for each of DoD’s FYDPs since 2003. CBO regularly reports those projections in its ‘Long-Term Implications of the Future Years Defense Program.’ In this report, CBO describes some of the methods it currently uses to make those projections. Read More
AUKUS will ‘cannibalize’ other programs with no budget boost: Former top Aussie general
(Breaking Defense) Sounding the alarm that the AUKUS nuclear submarine deal will eat into non-naval priorities, the former head of the Australian Defense Force today called for a significant boost in defense spending, up to 3 percent of GDP. Sir Angus Houston was Australia’s top military officer from 2005-2011 and was tapped to co-lead the recent Defense Strategic Review, making him a key, respected voice on matters of defense. While the DSR TKTKT, his comments today reflect what he sees as changed situation. The review and its Integrated Investment Plan projected a $55.5 billion AUD budget for 2024-25, rising to $67.9 billion in 2027-28 — roughly 2.2 percent of GDP. Read More
How AI Changes Partner Collaboration
(MIT Sloan Management Review) In a time of constant change and evolving customer expectations, the ability to innovate quickly is no longer an option but a strategic necessity. Innovation is driven by creativity — the ability to envision solutions that are novel and useful — and many companies are finding that they come up with breakthrough ideas more effectively and rapidly by working with partners outside of their own organizations. We are seeing a degree of partnering among organizations, including competitors, as never before. Read More
With New Administration, Agencies Should Prioritize Strategic Planning to Support Public Engagement
(FEDweek) With a new Administration soon to enter office, agencies once again will face a key deadline: developing updated agency strategic plans. Under the US Code, agencies must complete their new strategic plans by the first Monday in February within a year of a new President taking office, in this case February 2026). The forthcoming agency obligation to develop new strategic plans offers both agencies and the new political leadership an important chance to drive federal agency priorities and interactions with members of the public, Congress, regulated communities and others. Read More
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