Federal CIO Announces PortfolioStat 2.0

InformationWeek: The White House this week began overhauling its IT portfolio reviews as part of an ongoing effort to reduce spending by federal agencies.

Last March, the Office of Management and Budget (OMB) launched a program called PortfolioStat, which conducted sessions with agencies to examine where they were spending money on IT. Through those sessions, OMB identified more than $2.5 billion in spending reductions that could be achieved from fiscal years 2013 through 2015.

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