Government, Private Tech Leaders Join Together To Increase Transparency of Federal IT Cost
The non-profit Technology Business Management Council established a Commission on IT Cost Opportunity, Strategy and Transparency (IT COST) Wednesday to “define a set of recommendations and best practices for Federal departments and agencies to transparently measure and communicate their IT…
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costs so that Federal CIOs [chief information officers] are better equipped to govern their IT spending and support agency missions with limited resources,” a news release said. The federal government spends more than $78 billion on technology per year, but each agency uses its own standards to measure, benchmark and communicate the value of its technology investments, the release said. Lack of standardization creates numerous challenges and complications, it said. CIOs from the departments of Health, Transportation, Interior, Commerce and Agriculture are participating in the first IT COST Commission meeting, to be held in June. CIOs from Cisco, Hewlett-Packard and DirecTV are also participating. The goal is to release a report in early 2016 outlining a series of recommendations to reduce waste and increase efficiency, demonstrate cost, quality and value of IT spend, and aid in the implementation of the new Federal IT Acquisition Reform Act, the release said.