OMB has issued PortfolioStat IT project review guidance, calling for continued emphasis on consolidating commodity IT for the remainder of fiscal 2014.
According to the memo, M-14-08, PortfolioStat will continue to consist of a data-driven review of agency portfolio management between the federal CIO, the agency deputy secretary and other agency officials.
OMB says agencies have identified about $2.5 billion in savings opportunities through the end of fiscal 2015, and to date have saved over $1.92 billion through consolidations or cancellations. It said the fiscal 2014 PortfolioStatwill continue to focus on drivingefficiencies by measuring progress on strengthening IT portfolio management and consolidating commodity IT through the analysis of key performance indicators – KPIs, established in fiscal 2013. PortfolioStatalso will focus on IT effectiveness by identifying and assessing high impact investments.
