This new tool entitled âGAO Self Diagnostic Toolâ includes a series of five questions created to benchmark a program officeâs current environment and methodologies relating to cost management. This benchmark is compared to the standards established in the GAO Cost Assessment Guide and offers informed recommendations the program office can take to improve their compliance. According to Larry Reagan, Vice President of the Government Solutions Division at PRICE Systems, âThis self diagnostics tool provides a great first step, in 5 minutes or less, in determining whether a project management office is adequately trained, equipped with the proper tools, and has repeatable methodologies to comply with the Cost Assessment Guide.â The results of the self evaluation can be printed and used as a roadmap for improvement.
A user can expect to answer simple multiple choice questions on how their team estimates cost, assess their collective experience in estimating, and how their estimating practice is integrated within the program office environment. Scoring is based on letter grades and assessed in the following categories:
- Your team
- Metrics and Knowledge
- Repeatable methods
- Credible results
In addition to letter grade scoring, recommendations tailored to the individual categories are provided as well. âIt is vital to the program office and agency that they are in compliance with the GAOâs Cost Assessment Guide and best practices, especially considering the ramifications if they arenâtâ, said Larry Reagan. âThis simple diagnostic tool will help guide managers in assessing their needs and addressing any deficiencies.â