Weapon system acquisitions : opportunities exist to improve the Department of Defense's portfolio management : report to congressional committees / United States Government Accountability Office.

Format:

Book

Government document

Author/Creator:

United States. Government Accountability Office, author, issuing body.

Language:

English

Subjects (All):

United States. Department of Defense--Procurement.

United States.

United States. Department of Defense--Rules and practice.

United States. Department of Defense.

Portfolio management--United States--Evaluation.

Portfolio management.

United States--Armed Forces--Weapons systems--Procurement.

Armed Forces--Procurement--Evaluation.

Portfolio management--Evaluation.

Physical Description:

1 online resource (iii, 55 pages) : color illustrations

Other Title:

GAO-15-466 Weapon system acquisitions

Place of Publication:

Washington, DC : United States Government Accountability Office, 2015.

System Details:

text file PDF

Summary:

"DOD's weapon system acquisition programs have a total estimated acquisition cost of over $1.4 trillion. Portfolio management is an approach used by organizations to evaluate, select, prioritize, and allocate resources to projects that best accomplish strategic or organizational goals. In March 2007, GAO recommended that DOD implement a department-wide portfolio management approach for weapon system investments. Senate Report 113-44 accompanying the National Defense Authorization Act for Fiscal Year 2014 included a provision that GAO review DOD processes for identifying duplicative and inefficient acquisitions. This report assesses the extent to which (1) DOD uses portfolio management to optimize weapon system investments; (2) DOD conducts integrated portfolio reviews; and (3) the military services conduct portfolio reviews. GAO compared DOD and military service policies and portfolio reviews with best practices and standards for portfolio management"--Preliminary page.

Contents:

Background

DOD is not using an integrated portfolio management approach to optimize its weapon system investments at the enterprise level

DOD does not conduct integrated enterprise-level portfolio reviews

Military service portfolio reviews offer lessons for DOD, but could be improved

Conclusions.

Notes:

"August 2015."

"GAO-15-466."

In scope of the U.S. Government Publishing Office Catalog and Indexing Program (C&I) and Federal Depository Library Program (FDLP).

Includes bibliographical references.

Description based on online resource; title from PDF title page (GAO, viewed August 28, 2015).

OCLC:

919312340