New Audit Announcements
Audit Initiated of DOT's Implementation of Earned Value Management System and Security Costs Reporting
The Office of Inspector General is initiating an audit of the Department of Transportation's (DOT) management of major information technology (IT) investment projects. DOT requested $2.1 billion for 46 major IT investments in fiscal year 2008, including about $100 million in security funding. Twenty-two of these major investment projects are included in the Office of Management and Budget's high-risk list for close monitoring. Our audit objectives will determine whether (1) the Earned Value Management measures included in the Exhibit 300 submissions properly reflect project performance; (2) security costs included in the Exhibit 300 submissions are supported, and (3) Operating Administration management actively monitors its major IT investments to meet departmental requirements.