Information Technology: Additional OMB and Agency Actions Needed to Ensure Portfolio Savings Are Realized and Effectively Tracked
Abstract
In March 2012, OMB launched aninitiative, referred to as PortfolioStat,which requires agencies to conductannual reviews of their IT investmentsand make decisions on eliminatingduplication, among other things. InMarch 2013, OMB launched thesecond iteration of this initiative, withthe goal of eliminating duplication andachieving savings through specificactions and time frames.GAO was asked to review theimplementation of the second iterationof PortfolioStat. GAOs specificobjectives were to (1) assess agenciesplans for achieving PortfolioStatsavings, (2) determine agenciesprogress in achieving planned savings,(3) describe the extent to whichselected agencies have reinvestedPortfolioStat savings, and (4) describeaction items resulting from thePortfolioStat process and determinethe extent to which agencies haveaddressed them. To do so, GAOdetermined planned savings amountsfor fiscal years 2013 through 2015,evaluated whether initiatives haveyielded anticipated savings, analyzeddata from three agencies based onexpected savings for fiscal year 2013,and identified the status and timeframes of action items.
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 16, 2015
- Accession Number
- AD1174366
Entities
People
- David A. Powner
Organizations
- United States Government Accountability Office