On March 30, 2012, the Office of Management and Budget (OMB) launched a new tool for agencies to use to assess the current maturity of their IT portfolio management process and make decisions on eliminating duplication across their organizations.
During the second half of FY 2012, Federal agencies established three-year plans to consolidate or eliminate duplicative, low-value, or wasteful IT spending and improve the Portfolio management processes with the organization. On October 24, 2012, the Office of Management and Budget’s Jeff Zients, Deputy Director for Management, published a blog post on the results of this process and OMB’s commitment to have agencies execute on these plans.
Overall, agencies have identified 98 consolidation opportunities that are targeted to provide the Federal Government $2.5 billion in reductions to planned commodity IT spending over the next three years.
The PortfolioStat process will occur annually to drive better management of IT portfolios, increase efficiency within commodity IT, and improve governance of the most essential mission investments.