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Agencies Botch IT Savings Estimates by $3.8 Billion
Nextgov: Agencies have netted less than half of the original estimated savings from an Obama administration effort to better track federal information technology projects, according to a new watchdog report.
In 2013, agencies estimated saving at least $5.8 billion over the next two years as result of the PortfolioStat process, which involves line-by-line reviews of agency IT investments. However, a new report from the Government Accountability Office finds that estimate has now fallen to about $2 billion -- a 66 percent drop in planned savings.
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