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Agencies Cut Billions in IT Spending

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Agencywide reviews of information technology spending project government savings of $2.5 billion during the next three years, Office of Management and Budget acting Director Jeffrey Zients said in a blog post Wednesday.

The savings will come from 98 plans developed during PortfolioStat review sessions aimed at rooting out unnecessary, underperforming and duplicative programs and shifting to bulk-buying contracts with lower per unit costs, Zients said.

PortfolioStat, launched in March, was a successor to TechStat, a program of adapt-or-perish reviews for individual technology contracts that officials said has saved at least $4 billion since 2010.

Read more at NextGov.com

Joseph Marks covers cybersecurity for Nextgov. He previously covered cybersecurity for Politico, intellectual property for Bloomberg BNA and federal litigation for Law360. He covered government technology for Nextgov during an earlier stint at the publication and began his career at Midwestern newspapers covering everything under the sun. He holds a bachelor’s degree in English from the University of Wisconsin in Madison and a master’s in international affairs from Georgetown University.

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