Document Type

Other

Publication Date

7-2020

College/Unit

Chambers College of Business and Economics

Department/Program/Center

Finance

Abstract

Project FORESIGHT is a business-guided self-evaluation of forensic science laboratories across the globe. The participating laboratories represent metro, regional, state, and national agencies. Economics, accounting, finance, and forensic faculty provide assistance, guidance, and analysis. Laboratories participating in Project FORESIGHT have developed standardized definitions for metrics to evaluate work processes, linking financial information to work tasks, and functions. Laboratory managers can then assess resource allocations, efficiencies, and value of services—the mission of Project FORESIGHT is to measure, preserve what works, and change what does not.

The benchmark data for the 2018-2019 performance period includes laboratory submissions for a variety of fiscal year definitions. However, all submissions have December 31, 2018 as part of their fiscal year accounting. The majority of submissions follow a July 1, 2018 through June 30, 2019 convention. Others follow a year that begins as early as January 1, 2018 (ending December 31, 2018) while the other extreme includes laboratories with a fiscal year originating October 1, 2018 and ending September 30, 2019.

As of this writing, one hundred eight-five laboratory or laboratory systems have contributed data to the project for the 2018-2019 period. For most areas of investigation, the submitted data offers a large enough sample to elicit good statistical properties.

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