IT Project Reviews have Saved $4 Billion Since 2010, According to CIO
December 8, 2011
Federal agencies have saved nearly $4 billion in the past year through TechStat reviews that resulted in scaling back or canceling information technology projects that are over budget or delayed, officials said Thursday.
The TechStat model, aimed at weeding out underperforming contracts, was launched by former federal chief information officer Vivek Kundra in 2010. Kundra credited those reviews -- essentially adapt-or-perish presentations by project managers of red-flag projects in front of agency IT leaders and Kundra himself -- with saving the government $3 billion.
Agencies began doing their own TechStat reviews on smaller programs in early 2011 and have saved another $930 million through nearly 300 sessions so far, according to a briefing by the federal CIO Steven VanRoekel.