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GAO Finds PortfolioStat IT Cost Savings Fall Short By 68 Percent

Rich Abott By
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GAO Finds PortfolioStat IT Cost Savings Fall Short By 68 Percent

The Office of Management and Budget’s (OMB) PortfolioStat program, meant to lower federal IT costs, fell short on expected savings by 68 percent, according to a new report from the Government Accountability Office (GAO).Federal agencies initially planned to save upward of $5.8 billion between FY '13–'15, they reported to the GAO in 2013. The estimated savings were later decreased to about $2 billion as of January 2015. The Departments of Defense (DoD) and Homeland Security (DHS) consisted of most of…

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