Federal agencies expect to save $2.5 billion over the next three years by consolidating duplicative information technology systems, buying in bulk and eliminating failing IT projects. Those savings were identified using a new approach – called PortfolioStat – where agency officials review their spending for common IT resources such as email and desktop computers in search of duplicative investments and opportunities to consolidate projects, Acting Office of Management and Budget Director Jeffrey Zients said in a blog post Wednesday. OMB officials met with agencies’ senior executives, including the chief information officer, financial officer, acquisition officer and operating officer this summer. OMB used data collected for these meetings to show agencies where their…
Browsing: PortfolioStat
Starting this summer, agencies must begin using a new process to review their information technology portfolios for wasteful spending and opportunities to share services, the administration said last Friday. The new process, called PortfolioStat, is a “face-to-face,” data-based review that will help chief information, financial and acquisition officers to collectively “consolidate the acquisition and management of commodity IT, reduce duplication” and ensure that IT purchases align with their agency’s needs and mission. PortfolioStat will build on the administration’s TechStat sessions, which look at specific projects as opposed to the portfolio as a whole, according to a March 30 memo from…