"The Homeland Security Department's acting chief financial officer said it's back to the drawing board after the failure of a high-profile project intended to establish a single enterprise financial and asset management system for the 22 agencies that make up DHS.
DHS officials awarded a blanket purchase agreement - potentially worth up to $229 million - to BearingPoint in fall 2004 for the Electronically Managing Enterprise Resources for Government Efficiency and Effectiveness (EMERGE2) initiative. But last year they scuttled the project after officials found it wasn't going in the right direction and was too risky to continue.
Eugene Schied, the acting CFO, said the department had spent $18.3 million before it found the project was unworkable. He said DHS officials have abandoned the notion to rebid the contract.
'I don't see there's going to be another,' he told congressional lawmakers at a hearing yesterday afternoon."