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OMB Nudges PortfolioStat to a New Level
The Office of Budget and Management hopes to kick PortfolioStat up a notch, citing its "significant" results just a year after its introduction. PortfolioStat was launched in March 2012 as way to root out waste and inefficiencies by providing visibility into agencies' management of their IT projects. In October 2012, OMB touted PortfolioStat's success in an blog post, saying the new initiative had identified cost reductions of more than $2.5 billion through 2015.

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