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Transforming a Federal Agency
Management Lessons from HUD's Financial Reconstruction

Irving L. Dennis (Author)

9781119850373, Wiley

Hardback, published 24 March 2022

352 pages
23.4 x 16 x 3.3 cm, 0.771 kg

Discover how the author transformed a massive government department in just a few years and fixed seemingly unfixable problems 

In Transforming a Federal Agency: Management Lessons from HUD’s Financial Reconstruction, finance and strategy expert Irving (Irv) L. Dennis delivers an insightful and eye-opening exploration of the lessons he learned in bringing private sector experience to the transformation of the US Department of Housing and Urban Development’s financial systems. 

Pulled out of retirement after a 37-year career at Ernst & Young (EY), the author’s tenure at HUD involved a rapid and surgical rejuvenation of their financial infrastructure. The book details the ten management areas he focused on and also includes: 

  • The transformation process and the barriers and roadblocks the author encountered on his journey 
  • Ensuring an enduring transformation even after changes in administration 
  • Functional differences between the private sector and governmental organizations 
  • How the author approached his first 100 days as Chief Financial Officer of the Department 
  • Insights into the innerworkings of the Executive Branch of government  

Perfect for government employees, finance professionals in the public and private sectors, and business students, Transforming a Federal Agency is a simultaneously fascinating and instructive journey through the remediation of seemingly intractable financial mismanagement. 

Foreword from Former Secretary of HUD, Dr. Ben Carson xi

Introduction: What the Reader Can Expect xvii

Part I The Beginning

1 The Nomination Process 3

2 About HUD 21

3 HUD’s State of Affairs 43

Part II The Evaluation Process

4 My First Hundred Days 55

5 Evaluation of Governance, People, Processes, and Technology (GPPT) 75

6 Understanding How It Got This Bad 87

7 Barriers to Success 95

Part III The Transformation Process

8 Building the Platform for Success 113

9 Financial and IT Modernization 139

10 Coordination with Critical Service Providers 161

11 The Results—Where We Were in 2020 173

12 Making HUD’s Transformation Sustainable 201

Part IV Observations And Reflections

13 Differences Between the Private and Public Sectors 211

14 Final Thoughts—An Experience of a Lifetime 227

Acknowledgments 251

About the Author 255

Appendix 257

Appendix A Acronyms and Definitions 259

Appendix B History of HUD 267

Appendix C Summary of HUD’s 2020 Enacted Budget 271

Appendix D CFO Letters in the Agency Financial Report 273

Appendix E My Resignation Letter 289

Appendix F List of HUD’s Accomplishments in 2018 and 2019 291

Index 311

Subject Areas: Finance & accounting [KF]
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