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Over the last two decades, reducing product development times in the DoD has been the focus of many committees, commissions, and research efforts. Despite the implementation of numerous recommendations, the DoD still struggles with long acquisition cycle times. This research is part of the Air Force Cycle Time Reduction Research Program (CTRRP), which grew out of the Cycle Time Reduction Action Plan, developed in 1998. This research focuses on the portfolio management (project selection and resource allocation) part of the CTRRP. The purpose of this research effort was to investigate the use of portfolio management within the Air Force. Specifically, this thesis sought to assess how portfolio management is used in Air Force acquisition and to compare the Air Force’s practices to commercial best practices. A comprehensive review of commercial portfolio management literature was conducted. To identify Air Force practices, semi-structured interviews were conducted at one Air Force product center. Personnel in positions most likely to use portfolio management, or have knowledge of its use, were interviewed at the center, wing, and direct reporting group levels. The research found that top performing commercial firms with an effective portfolio management process focus primarily on project selection activities at the front end of the development process, while the Air Force focuses primarily on program execution activities at the back end of the process. Recommendations to make portfolio management more effective in the Air Force are discussed.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
