Miley W. (Lee) Merkhofer is a well-known author and practitioner in the field of decision analysis. His specialty is project portfolio management (PPM). For more than 25 years, Merkhofer has helped clients create defensible, accurate and practical systems for prioritizing complex and sometimes controversial project investments, working in such areas as consumer products, energy, financial services, health care and transportation. He teaches courses on PPM, publishes papers on the subject, and has received awards for his work in the area.
Previously, Merkhofer was the director of Decision Analysis Research Programs at SRI International, where he was in charge of government services at Applied Decision Analysis, Inc. He was also a partner of PricewaterhouseCoopers (PwC), where he led the Project Prioritization and Capital Allocation business practice. He was a founding partner of the PPM software company Folio Technologies.