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Wednesday, April 05, 2006

Agencies push toward portfolio management for lines of businesses

"As agencies prepare their fiscal 2008 budget submissions, the Office of Management and Budget is expecting fewer business cases and more use of portfolio management, according to one federal CIO.

Lisa Schlosser, Housing and Urban Development Department IT chieftain, said the consolidation of business cases into lines of business portfolios is one of a handful of trends that are emerging in agencies.

'We had 13 systems for single-family mortgages that all had their own business cases, and we merged them into one last year,' Schlosser said yesterday at the Performance Institute's 8th Annual Government Performance Summit in Washington. 'More and more, we have to ask what businesses align with the technology within the line of business. OMB will be looking for more of that.'

Schlosser said the impetus to use portfolio management may not be entirely new, but the push by OMB to spend more money on mission-critical systems and less on infrastructure applications is making it more important. "

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