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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…
