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Title page 1

Contents 3

Highlights 2

Letter 5

Weak Business Cases Underpin "Fail Slow" Approach and Result in Billions Wasted 7

Continued Underperformance Carries Significant Opportunity Costs 7

Wasteful Programs Come in All Shapes and Sizes 8

Leading Practices Offer a New Approach to Help Drive Out Waste and Deliver Needed Capabilities Faster 11

Leading Practices Emphasize Finishing Fast 11

DOD Policies and Culture Have Yet to Fully Embrace Leading Practices 13

Appendix I: GAO Contact and Staff Acknowledgments 16