The 2024 U.S. Department of Defense Agency Financial Report will be the topic of discussion this week on ALN Th@3 pm ET. Register here. See more below in People and Sources.
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People
Rich Culbertson, ALN Board of Directors Member, was with Lockheed Martin for 40 years when he ended his career as Senior Manager, Asset Management. Mr. Culbertson is familiar with federal processes on a “chapter and verse” level. He sees the 2024 U.S. Department of Defense Agency Financial Report as a transparent expression of achievements and shortcomings. Mr. Culbertson will lead a civil discussion of the ways Asset Management can assist the DoD goals of “achieving an unmodified (clean) financial statement audit opinion by the end of 2028.” Register at this link.
Sources
DoD Audit
The 2024 U.S. Department of Defense Agency Financial Report is a 328-page report including Management’s Discussions and Analysis, Financial Section (Unaudited), and Other Items, including Management and Performance Challenges. Two of the Challenges that are highlighted can be addressed with improved Asset Management governance: Protecting Defense Critical Infrastructure and Improving Financial Management. (Pages 292, 293 and elsewhere). Join in a discussion on the document and addressing the challenges described in it on Thursday 12 December at 3 pm Eastern. Register at this link.
Ideas
Asset Management on TV
The CBS program 60 Minutes addressed the consistent issues with Boeing this week. While the words “Asset Management” were not mentioned, everyone in the industry can see that Asset Management opportunities abound at Boeing. Read the program transcript at this link and share it colleagues as part of a process of them know that poor Asset Management is a persistent and wide-spread issue that can be addressed in measured, understandable ways. See the ALN A55K Professional Certification training opportunities at this link one of the ways:
If you are part of an ALN Member Organization, please send information about your upcoming speaking engagements to info@AssetLeadership.net.