Financial Risk Management in the Federal Government: Overview, Practice, and Recommendations

This report examines the role of financial risk management techniques in government. The goal of this study is to determine which private sector financial risk management techniques are best suited for government adoption. In addition, the report examines the common traits of successful financial risk management adoptions in government, and develops a series of recommendations that will serve as a guide for both agencies and oversight bodies.Financial Management

Transforming Federal Property Management: A Case for Public-Private Partnerships

Professor Long’s report considers the potential for public-private partnerships as a response to federal property management issues. This report focuses on the major property-related issues and the author assesses how public-private partnerships (PPP) might be used to resolve problems such as excess and underutilized property, deteriorating facilities, and reliance on costly leasing. All these issues pose significant challenges to federal property management. The use of PPPs has the potential to effectively respond to these challenges.

Understanding Federal Asset Management: An Agenda for Reform

This project reviews federal management practices related to real property, personal property, and financial assets for which the federal government is responsible. Financial Management

 

Performance Budgeting: How NASA and SBA Link Costs and Performance

Dr. Blanchard’s report begins with a description of the statutory and conceptual foundations of costing requirements. He follows with a framework for integrating costs and performance. He then tells the story of how two very different federal agencies successfully met the PMA’s performance costing requirements. Blanchard draws upon published reports and articles, as well as his own experience leading PMA reform efforts at the National Aeronautics and Space Administration (NASA) and the Small Business Administration (SBA).

Using Activity-Based Costing to Manage More Effectively

This report examines the value of activity-based costing (ABC) for decision-making in public-sector universities. The study shows how activity-based costing can be applied to institutions of higher education and could improve the information available to academic administrators, legislators, voters and customer. The purpose of this report is to demonstrate the feasibility and benefits of, and obstacles and limitations to, applying ABC in an academic environment. Financial Management

Grants Management in the 21st Century: Three Innovative Policy Responses

This report describes how the federal grant system has come under increased stress in recent years. In an effort to modernize the grant system, the report analyzes three recent reform initiatives in the area of grant management: performance partnerships, Grants.gov., and extensive waiver authority. The report explores the potential of each to mitigate some of the challenges facing grants management and design. The report concludes with a series of recommendations to improve federal grants management. Financial Management

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