Portfolio Analysis and Management for Naval Research and Development
Abstract
The Office of Naval Research (ONR) has the responsibility for defining and sponsoring research and development (R&D) necessary to support both the current and future requirements of the Navy and Marine Corps. To accomplish this mission ONR must fund a broad spectrum of research, ranging from basic research needed to open up new options for the long-term, to very near-term advanced technology development to support the current fleet. Moreover, ONR must make its R&D funding decisions in the presence of uncertainty: uncertainty in required capabilities, uncertainty in performance requirements, and uncertainty in the feasibility of a technology or R&D approach. This report describes the adaptation of an R&D portfolio management decision framework recently developed by RAND (Silberglitt and Sherry; 2002), PortMan, to support ONR's R&D decision-making, and the demonstration of its use via a case study evaluation of 20 sample ONR applied research projects.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 2004
- Accession Number
- ADA427476
Entities
People
- Carolyn Wong
- Emile Ettedgui
- Lance Sherry
- Michael Tseng
- Richard Silberglitt
Organizations
- RAND Corporation