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<classification authority="sudocs">GA 1.13:GAO-07-388</classification>
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 <subject>Accountability</subject>
 <subject>Allocation (Government accounting)</subject>
 <subject>Best practices</subject>
 <subject>Comparative analysis</subject>
 <subject>Cost analysis</subject>
 <subject>Defense capabilities</subject>
 <subject>Defense economic analysis</subject>
 <subject>Defense procurement</subject>
 <subject>Private sector practices</subject>
 <subject>Procurement planning</subject>
 <subject>Procurement practices</subject>
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<titleInfo>
 <title>Best Practices: An Integrated Portfolio Management Approach to Weapon System Investments Could Improve DOD&apos;s Acquisition Outcomes</title>
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<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 DOD&apos;s	 
acquisition policy held the potential to improve outcomes,	 
programs continue to experience significant cost and schedule	 
overruns. GAO was asked to examine how DOD&apos;s processes for	 
determining needs and allocating resources can better support	 
weapon system program stability. Specifically, GAO compared DOD&apos;s
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.</abstract>
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<identifier type="preferred citation">GAO-07-388</identifier>
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 <topic>Accountability</topic>
 <topic>Allocation (Government accounting)</topic>
 <topic>Best practices</topic>
 <topic>Comparative analysis</topic>
 <topic>Cost analysis</topic>
 <topic>Defense capabilities</topic>
 <topic>Defense economic analysis</topic>
 <topic>Defense procurement</topic>
 <topic>Private sector practices</topic>
 <topic>Procurement planning</topic>
 <topic>Procurement practices</topic>
 <topic>Strategic planning</topic>
 <topic>Weapons systems</topic>
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