Accession Number:

ADA465170

Title:

Best Practices. An Integrated Portfolio Management Approach to Weapon System Investments Could Improve DOD's Acquisition Outcomes

Descriptive Note:

Congressional testimony

Corporate Author:

GOVERNMENT ACCOUNTABILITY OFFICE WASHINGTON DC

Personal Author(s):

Report Date:

2007-03-01

Pagination or Media Count:

49.0

Abstract:

Over the next several years, the Department of Defense DOD plans to invest 1.4 trillion in major weapons programs. While DOD produces superior weapons, GAO has found that the department has failed to deliver weapon systems on time, within budget, and with desired capabilities. While recent changes to DODs acquisition policy held the potential to improve outcomes, programs continue to experience significant cost and schedule overruns. GAO was asked to examine how DODs processes for determining needs and allocating resources can better support weapon system program stability. Specifically, GAO compared DODs processes for investing in weapon systems to the best practices that successful commercial companies use to achieve a balanced mix of new products, and identified areas where DOD can do better. In conducting its work, GAO identified the best practices of Caterpillar, Eli Lilly, IBM, Motorola, and Procter and Gamble.

Subject Categories:

  • Economics and Cost Analysis
  • Ammunition and Explosives

Distribution Statement:

APPROVED FOR PUBLIC RELEASE