New Audit Announcements

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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.