Implementing PortfolioStat (M-12-10)
Start: 2012-03-30, End: 2013-02-01, Publication: 2012-04-04
PortfolioStat will be a new tool that agencies use to assess the current maturity of their IT portfolio management process, make decisions on eliminating duplication, augment current CIOled capital planning and investment control processes, and move to shared solutions in order to maximize the return on IT investments across the portfolio. While TechStat examines IT performance at the specific project or investment-level, PortfolioStat examines the portfolio as a whole and draws on the agency's enterprise architecture to help identify and eliminate areas of duplication and waste. POlifolioStat will help implement the Shared First initiative and the requirements set forth in the Executive Order 13589 (Promoting Efficient Spending),6 which targets employee IT devices as a primary area for eliminating waste and duplication. This effort should also assist agencies in meeting the targets and requirements under other initiatives, such as Federal Data Center Consolidation Initiative (FDCCI), the Cloud Computing Initiative, and the draft IT Shared Services Strategy.
Through the POlifolioStat process, COOs will have a clearer picture of where duplication exists across their respective agencies. This analysis should inform the budget process and help agency COOs eliminate waste and duplication within the IT pOlifolio. A specific focus must be placed on reducing duplication within commodity IT by shifting to intra-and inter-agency shared services. Duplicative systems or contracts that support common business functions within an agency should be targeted for consolidation in order to leverage the purchasing power ofthe agency. To assist with the data collection and reporting requirements listed under this memorandum OMB has created a MAX Collect Tool that will be the required repository for all ofthe information requested. Please go to the MAX Community for more information. For any questions regarding this memo, please contact Andrew McMahon at email@example.com, with "PortfolioStat" as the subject line.
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