Improving Strategic Planning at the Department of Defense
RAND NATIONAL DEFENSE RESEARCH INST SANTA MONICA CA
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A new RAND project enhances the methods of portfolio analysis -- an approach to allocating resources across multiple objectives while managing risk. The enhancements are particularly applicable to decisions made regarding the development of military capabilities. The modified approach recognizes the need to test system alternatives against a range of scenarios, to supplement narrow military evaluation criteria with socioeconomic and political criteria, and to allow easy decisionmaker input to assumptions and weighting factors. The enhanced approach should be particularly helpful in high-level reviews seeking to integrate requirement-setting, technology assessments, and cost analyses.
- Administration and Management
- Military Forces and Organizations
- Logistics, Military Facilities and Supplies