Sign In
Search
Budget

GAO Finds PortfolioStat IT Cost Savings Fall Short By 68 Percent

Rich Abott By
SHARE:
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…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Budget

Trump Wants $1.5 Trillion Defense Budget In ‘27, Limits On Contractors’ Stock Buybacks, Exec Pay

Budget

HASC, SASC Chairs Back Trump’s Call For $1.5 Trillion Defense Budget In ‘27

Navy/USMC

Hanwha And HavocAI To Develop 200-Foot Autonomous Ship Aimed At Navy MASC

Missile Defense

DoD and Lockheed Martin Sign Framework Agreement To More Than Triple PAC-3 MSE Production

Trending

Record F-35 Deliveries, PAC-3 Production Framework Show Lockheed Martin Stepping Up, Hegseth Says
DHS Creates Program Executive Office for Drone and Counter-Drone Systems
Trump Directive Halts Dividends, Stock Repurchases By “Major Defense Contractors”
Mach Industries Adds Counter Drone System To Product Portfolio
Northrop Grumman Says It’s Received Navy Contract for SSRM After Beating Anduril

Contract Updates

Chandler Construction Services Inc. (Ninety Six, South Carolina) – $16,471,000

Chandler Construction Services Inc., Ninety Six, South Carolina, was awarded a $16,471,000 firm-fixed-price contract for the furnishing, installing, and placing into successful operation of water main pipe. The amount of this action is $16,471,000. Bids were solicited via the internet…

M1 Support Services LP (Denton, Texas) – $68,822,271

M1 Support Services LP, Denton, Texas, was awarded a $68,822,271 modification (P00206) to contract W9124G-17-C-0104 for Army and Air Force aviation maintenance. The modification brings the total cumulative face value of the contract to $5,522,349,151. Work will be performed at…

Lake Union Drydock Co. (LUDC) (Seattle, Washington) – $12,683,144

Lake Union Drydock Co.* (LUDC), Seattle, Washington, is awarded a $12,683,144 firm-fixed-price contract for the maintenance, repair and preservation of YTT-10 (YTT-9 Cape Flattery-class torpedo trials craft) service life extension program. This contract includes options which, if exercised, would bring…

Innovative Professional Solutions Inc. (Panama City Beach, Florida) – $13,631,598

Innovative Professional Solutions Inc.,* Panama City Beach, Florida, is awarded a $13,631,598 firm-fixed price/cost-only contract for fabrication and installation of minesweeping winches.  This contract includes supplies for the government of the Republic of Korea (100%) under the Foreign Military Sales…

The Force Multipliers

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Job Feed

Post a Job // Post a Resume