Carten Cordell
FedScoop

April 19, 2018

Federal leaders charged with helping agencies apply a new way to better track IT spending said the process is already paying dividends.

Officials from the Office of Management and Budget and the General Services Administration, gathered Thursday at an AFFIRM event, said though the implementation of the Technology Business Management framework is ongoing, early returns are showing the benefits of using the taxonomy.

“The portfolio value is massive,” said David Shive, GSA CIO. “It’s going to be different for every executive responsible technology or whatever business is running TBM.”

TBM proposes to provide greater transparency of IT spending by standardizing the data taxonomy across the technology enterprise and aligning an agency’s financial, IT and business operations. Experts believe this will result in big savings for agencies.

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