As of September 30, 1982, federal agencies estimated cost of 444 civil and defense major acquisitions was more than $842 billion. This included cost growth of more than $460 billion over the initial estimates for these acquisitions. The initial estimate is the estimate contained in the budget justification on which the Congress bases its original funding of an acquisition. Quantity increase and inflation were the major reasons for cost growth in the Department of Defense acquisitions. Inflation was the major reason for the cost growth in civil acquisitions. In addition to providing total cost of growth information, this report provides information on the number of individual acquisitions that, when compared to initial estimates, experienced schedule slippages, quantity variances, and unit cost increases.

GAO reported on the status of major ongoing civil and defense acquisitions as of September 30, 1982. The report provided data on cost, schedule, quantity, and funding as well as reasons for cost growth. The total estimated cost of the 444 ongoing acquisitions included cost growth of $401 billion from the development estimates and $463 billion from the initial estimates. Department of Defense acquisitions have a total estimated cost of nearly $742 billion, about 88 percent of the total of both civil and defense acquisitions. The civil acquisitions have a total estimated cost of just over $100 billion. Inflation was given as the major reason for civil acquisition cost growth.

GAO reported on the status of major ongoing civil and defense acquisitions as of September 30, 1982. The report provided data on cost, schedule, quantity, and funding as well as reasons for cost growth. The total estimated cost of the 444 ongoing acquisitions included cost growth of $401 billion from the development estimates and $463 billion from the initial estimates. Department of Defense acquisitions have a total estimated cost of nearly $742 billion, about 88 percent of the total of both civil and defense acquisitions. The civil acquisitions have a total estimated cost of just over $100 billion. Inflation was given as the major reason for civil acquisition cost growth.

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