In June 2015, the Federal IT COST Commission set out to establish best practices for IT spending transparency among government agencies. On this coming Thursday, July 21, the group will release their final report that outlines recommendations for applying TBM best practices and standards in the federal sector. All federal technology leaders are invited to attend the final meeting and hear the Commission’s recommendations first-hand.
The Federal IT COST Commission
The IT COST Commission was established by members of the TBM Council, to provide federal IT leaders with a set of recommendations for managing their IT spend in a way that eliminates redundancy and inefficiency while generating the most value for Americans. The Commission is a made up of federal agency CIOs, representatives from the Office of Management and Budget (OMB), the Technology Business Management (TBM) Council, and industry-leading advisory firms and solution partners including Apptio, Capgemini, Cask, Deloitte, ISG, and Tanium. The Commission met regularly over the past year to discuss and draft the recommendations for applying TBM standards within the federal government.
What to Expect from the Final Report
The final ITCC report provides insight into the TBM approach of managing IT cost and value. It will detail the prescribed best practices and details for implementing TBM within the public sector. The report includes recommendations in the following categories:
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TBM Taxonomy and Metrics - a standardized language for describing what IT delivers and at what cost, along with consumption and composition for meaningful analysis, benchmarking, and planning
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Financial Accounting and Reporting - minor adjustments to the way federal agencies account for IT spending
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Governance and Standards - policies and other steps to ensure TBM programs mature and deliver improved decision-making capabilities
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Organizational Capabilities - roles, responsibilities, and other human considerations for improved transparency and decision making
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Functional Capabilities - tools, cost modeling, and other requirements needed for effective and sustainable transparency
Attend the Final Meeting
Join your federal IT peers at the final Federal IT COST Commission meeting on Thursday, July 21, taking place at the General Services Administration. Attendees will have the opportunity to hear the final recommendations and participate in a Q&A with Commission members. Reserve your seat today.
Questions about the Federal ITCC report? Contact Todd Tucker at ttucker@tbmcouncil.og.