This NDC Research Paper attempts to unpack the emerging concept of Projecting Stability, and assess its potential utility and some possible pitfalls to its application. It is the product of a year's effort by seven scholars and policy-makers to track the evolution of the concept and to offer critical analysis. Some authors remain skeptical about it, viewing it akin to "snake oil" in a fancy bottle. Others see Projecting Stability as a potential "elixir", a conceptual framework to align and synchronize a wide variety of disparate Alliance activities being conducted with partner nations without proper coordination with international organizations, and without direct linkage to greater Alliance security. Seven distinct chapters constitute the bulk of the paper. These are arranged in order from general and historical aspects of the Projecting Stability concept to the current and specific issues of its utility and application