The Government Accountability Office (GAO) has reported that the federal government budgets more than $90 billion each year on information technology (IT) investments. Historically, the projects supported by these investments have often incurred “multi-million dollar cost overruns and years-long schedule delays.” In addition, GAO has reported that these projects may contribute little to mission-related outcomes and, in some cases, may fail altogether. These undesirable results, according to GAO, “can be traced to a lack of disciplined and effective management and inadequate executive-level oversight.”
The Federal Information Technology Acquisition Reform Act (FITARA) was enacted on December 19, 2014, to establish a long-term framework through which federal IT investments could be tracked, assessed, and managed, to significantly reduce wasteful spending and improve project outcomes. These requirements of FITARA are carried out by the Federal Chief Information Officer (CIO).
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Website: | Visit Publisher Website |
Publisher: | Congressional Research Service |
Published: | February 3, 2020 |
License: | Public Domain |