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GAO: Pentagon Needs Consistency in Portfolio Reviews for Weapon System Investments

PentagonA new Government Accountability Office report has found what auditors call lapses in the way the Defense Department adopts portfolio management techniques to assess its acquisition programs for weapon systems.

GAO said in an August report that there are several factors that hinder DoD to collectively evaluate its investments in weapon platforms, such as lack of an integrated system to oversee such investments, leadership changes and outdated portfolio management policies.

According to the report, service branches are more likely to carry out portfolio reviews than the Pentagon’s acquisition and requirement officials and the Joint Chiefs of Staff.

GAO has called on DoD to evaluate portfolios on an annual basis, update its rules on portfolio management, assign a senior official to oversee the implementation of such rules and boost investments in analytical platforms.

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