Achieving the SECDEF Financial Goals:
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Achieving the SECDEF Financial Goals:. A Perspective from Leadership. ASMC Gulf Coast Chapter 15 Feb 2012. VADM Lou Crenshaw USN(Ret .) CDFM Principal , Grant Thornton LLP. Agenda Summary of Results Questions Discussion. About the Survey. Well Managed

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Achieving the SECDEF Financial Goals:

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Achieving the secdef financial goals

Achieving the SECDEF Financial Goals:

A Perspective from Leadership

ASMC Gulf Coast Chapter

15 Feb 2012

VADM Lou Crenshaw USN(Ret.) CDFM

Principal, Grant Thornton LLP


Achieving the secdef financial goals

  • Agenda

  • Summary of Results

  • Questions

  • Discussion


Achieving the secdef financial goals

About the Survey


Achieving the secdef financial goals

  • Well Managed

  • Costs important to senior officials

  • Regular or routine costs

  • Things that are easily counted

  • Revolving funds

  • Local base costs

  • Reimbursable costs

  • Poorly Managed

  • New Programs with ill- defined requirements

  • End-of-year expenses

  • Information systems

  • Over Managed

  • Small-dollar programs

  • Decision forums

  • Contracts and contractors in general


Achieving the secdef financial goals

Ideal Culture Attributes

  • Foundation

  • Leadership

  • Established Norms

  • Continuity

  • Visibility and Transparency

  • Options

  • Flexibility

  • Perspective

  • Tools and Training

  • Balance

  • Incentives

  • Risk Management


Achieving the secdef financial goals

  • Cost Warrior

  • Understand non-financial issues

  • Communication skills

  • Business savvy

  • Practical

  • Understanding of how PPBE elements relate

  • Resolute and thick-skinned

  • Analytical

  • Proper Training

  • Tools

  • Managerial cost accounting system

  • Standardized life-cycle costing models

  • Standardized cost-benefit analysis method

  • Cost model capable of excursions


Achieving the secdef financial goals

Questions


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