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 <subject>Budget administration</subject>
 <subject>Budget controllability</subject>
 <subject>Electronic government</subject>
 <subject>Federal funds</subject>
 <subject>Financial management</subject>
 <subject>Information technology</subject>
 <subject>Internal controls</subject>
 <subject>Investments</subject>
 <subject>Policy evaluation</subject>
 <subject>Presidential budgets</subject>
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<titleInfo>
 <title>Information Technology: OMB Can Make More Effective Use of Its Investment Reviews</title>
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<abstract>For the President&apos;s Budget for Fiscal Year 2005, the Office of
Management and Budget (OMB) stated that of the nearly 1,200 major
information technology (IT) projects in the budget, it had placed
approximately half--621 projects, representing about $22	 
billion--on a Management Watch List, composed of mission-critical
projects with identified weaknesses. GAO was asked to describe	 
and assess OMB&apos;s processes for (1) placing projects on its	 
Management Watch List and (2) following up on corrective actions 
established for projects on the list.</abstract>
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 <topic>Federal funds</topic>
 <topic>Financial management</topic>
 <topic>Information technology</topic>
 <topic>Internal controls</topic>
 <topic>Investments</topic>
 <topic>Policy evaluation</topic>
 <topic>Presidential budgets</topic>
 <topic>Corrective action</topic>
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