IT Projects at Risk: Is it too late to save $12 Billion?

In fiscal year 2007, the federal government will spend $64 billion on more than 850 information technology (IT) projects ranging from e-payroll and human resources to weather satellites and defense systems. The Office of Management and Budget is responsible for overseeing the use of IT throughout the government, and keeps close track of the most at-risk projects through its High Risk List and Management Watch List. GAO has determined that, between projects on both lists, more than $12 billion is in serious risk of being wasted due to performance or planning problems. The hearing will focus on why $12 billion in potentially wasteful projects is being funded and what OMB is doing to ensure success, as well as GAO’s recommendations in these areas.