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GAO Report: IT Dashboard - Agencies Need to Fully Consider Risks When Rating Their Investments

 

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Abstract

Although the government spends more than $80 billion in information technology (IT) annually, many of the investments have failed or have been troubled. In December 2014, provisions commonly referred to as the Federal Information Technology Acquisition Reform Act (FITARA) were enacted. Among other things, FITARA states that OMB shall make available to the public a list of each major IT investment including data on cost, schedule, and performance. OMB does so via the Federal IT Dashboard—its public website that reports on major IT investments, including ratings from CIOs which should reflect the level of risk facing an investment.

GAO’s objectives were to (1) describe agencies’ processes for determining CIO risk ratings for major federal IT investments primarily in development and (2) assess the risk of federal IT investments and analyze any differences with the investments’ CIO risk ratings. To do so, GAO selected major IT investments with at least 80 percent of their fiscal year 2015 budget allocated to development (resulting in 95 investments across 15 agencies) and compared CIO rating processes to OMB guidance. GAO also analyzed data on those investments to create its own risk assessments.

 

 

Document Date: 
Jun 1, 2016
 
Author (organization): 
Government Accountability Office (GAO)
 
Interests: 
Acquisition
Financial Management
Technology Management
 
Groups(s):