The study ran from 1963 to 1967[1] and the final report was published in October 1969 and released to the public in September 1970.
[3] The project had two goals: the first was to identify R&D management productivity and the second was to measure the overall cost-effectiveness of using recently developed weapon systems compared to their predecessors that were in use 10 to 20 years earlier.
[4] The project conducted the examination of 20 weapon systems, other military equipment, and the contribution of R&D during World War II identified in the study as "events".
[9] On the other hand, it confirmed the DoD's research strategy, citing that the investment on science and technology from 1946 to 1962 "has been paid many times over".
[11] TRACES was a study undertaken to challenge Project Hindsight's conclusions through the examination of civilian technologies and their development.