The US government faces more risks from its $80 billion annual investment in information technology (IT) than its own official assessments have recorded, the Government Accountability Office (GAO) said in a report.
WASHINGTON (Sputnik) — "GAO's assessments generally showed more risk than the associated CIO [Chief Information Officer] ratings," the report stated on Thursday. "Of the 95 investments assessed, GAO's assessments matched the CIO ratings 22 times, showed more risk 60 times and showed less risk 13 times."
Fourteen US federal agencies need to improve their CIO ratings and the GAO is making 25 recommendations to 15 agencies to improve the quality and frequency of such ratings, the report noted.
Three agencies' rating processes span longer than one month.
The GAO cautioned that longer processes mean that CIO ratings are based upon older data and may not reflect the current level of investment risk.
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