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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 - PowerPoint PPT Presentation
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© Grant Thornton. All rights reserved.
Achieving the SECDEF Financial Goals:A Perspective from Leadership
VADM Lou Crenshaw USN(Ret.) CDFMPrincipal, Grant Thornton LLP
ASMC Gulf Coast Chapter15 Feb 2012
© Grant Thornton. All rights reserved.
Agenda• Summary of Results• Questions• Discussion
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About the Survey
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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
© Grant Thornton. All rights reserved.
© Grant Thornton. All rights reserved.
• Foundation• Leadership• Established Norms• Continuity• Visibility and Transparency• Options
• Flexibility• Perspective• Tools and Training• Balance• Incentives• Risk Management
Ideal Culture Attributes
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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
© Grant Thornton. All rights reserved.
© Grant Thornton. All rights reserved.
Questions
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