1. Short title This Act may be cited as the DOD Portfolio Management Accountability Act . 2. Portfolio Management Plan (a) In general The Secretary of Defense shall direct the Under Secretary of Defense for Acquisition and Sustainment, in coordination with the Chairman of the Joint Chiefs of Staff, and the Director of Cost Assessment and Program Evaluation, to develop a plan to identify, develop, and acquire databases, analytical and financial tools, and workforce skills to improve the Department of Defense-wide assessment, management, and optimization of the investments in weapon systems of the Department, including through consolidation of duplicate or similar weapon system programs. (b) Plan contents The plan developed under subsection (a) shall— (1) describe the databases and analytical and financial tools in use by the Department of Defense that may be used to support the Department-wide assessment, management, and optimization of the investments in weapon systems of the Department; (2) determine the database and analytical and financial tool requirements that must be met, and the workforce skills necessary, for more effective Department-wide reviews, analyses, and management by the Secretary of the investments in weapon systems of the Department; (3) identify the skills described in paragraph (2) that are possessed by the workforce of the Department; (4) identify the databases and analytical and financial tools to be modified, developed, or acquired to improve the Department-wide reviews, analyses, and management of the investments in weapon systems of the Department