Description |
xviii, 83 pages ; 25 cm |
Series |
Parliamentary paper / the Parliament of the Commonwealth of Australia, 0727-4181 ; no. 80 of 1998 |
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Performance audit / Australian National Audit Office |
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The Auditor-General audit report, 1036-7632 ; no. 43, 97-98 |
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Australian National Audit Office.
Performance audit
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Audit report (Australian National Audit Office) ; 1997-98, no. 43
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Parliamentary paper (Australia. Parliament) ; 1998, no. 80
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Contents |
Part 1. Audit summary -- Key findings -- Recommendations -- pt. 2. Audit findings and conclusions -- 1. Introduction and background -- 2. Implementation of LCC in the Department of Defence -- 3. The use of LCC in the capability proposal stage -- 4. The use of LCC in the acquisition stage -- 5. The use of LCC in the In-service stage -- 6. Facilities -- 7. Administrative acquisitions -- 8. Data and models -- 9. Budgeting -- 10. Organisation and staffing -- pt. 3. Appendices -- App. 1. Better practice in life-cycle costing |
Summary |
Life-cycle costing (LCC) is a technique for estimating the total cost of ownership of an asset over its lifetime. Its purpose is to assist decision-makers in making more-informed decisions concerning management of assets. These decisions can occur at any stage throughout the management of an asset. The object of the audit was to report on whether Defence applies LCC appropriately in support of decisions throughout the acquisition and management of its capital assets, and to make recommendations for any improvement. Defence agreed to all but one of the audit recommendations. Defence added, however, that many of the recommendations are not new and do not present fresh approaches to assist in managing life-cycle costing. The report makes clear that the approaches recommended by the ANAO are based in part on actual and proven commercial or overseas experience. The recommendations are intended to prompt a more business-like approach to Defence operations by promoting greater awareness of life-cycle costs across the agency |
Notes |
Includes: Better practice in life-cycle costing |
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Also available electronically via World Wide Web. ANAO address last viewed 26/9/2007 |
Subject |
Australia. Department of Defence -- Auditing.
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Life cycle costing -- Australia.
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ISSN |
0727-4181 |
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1036-7632 |
ISBN |
0644388498 |
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