Detailed Summary

Information Technology Investment Oversight Enhancement and Waste Prevention Act of 2009 - Requires the Director of the Office of Management and Budget (OMB) to establish a website, which shall be updated on a quarterly basis, that includes information such as the cost, schedule, and performance of all major information technology (IT) investments using earned-value management data based on a specified standard.

Requires each Chief Information Officer of a federal agency to: (1) identify major IT investments that are most critical; and (2) designate those projects as core IT investment projects or core projects.

Requires the project manager for an IT investment project to submit a report to the Chief Information Officer (after the end of each fiscal quarter or upon determining that a project has significantly or grossly deviated from its baseline) that includes: (1) a description of the cost, schedule, and performance of such projects; (2) the current cost, schedule, and performance status of all projects previously identified as significantly deviated or grossly deviated from the original baseline; and (3) any corrective actions taken. Requires the Chief Information Officer to: (1) determine if any project has significantly or grossly deviated; (2) report such determination to the agency head; , appropriate congressional committees, the Director, and the Government Accountability Office (GAO); (3) develop and implement a remedial action plan; and (4) establish a program to improve the IT processes overseen by the Officer.

Requires: (1) the Administrator of the Office of Electronic Government and Information and Technology at OMB (the E-Gov Administrator) to establish an IT Tiger Team to assist agencies in avoiding significant and gross deviations in the cost, schedule, and performance of IT investment projects and take specified actions to avoid or reduce such deviations; and (2) the Director of the Office of Personnel Management (OPM) to develop policy and guidance for agencies to develop a program to recognize excellent performance by federal employees in the acquisition of information systems and IT.

Status of the Legislation

Latest Major Action: 6/28/2010: Referred to House subcommittee. Status: Referred to the Subcommittee on Terrorism, Unconventional Threats and Capabilities.

Points in Favor

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Points Against

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