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The Office of Management and Budget (OMB) introduced the PortfolioStat process for performing comprehensive reviews of their IT investment portfolio. The PortfolioStat process includes tools to use in analyzing individual investments and categories of investments to help in identifying waste and duplication and to prioritize where actions need to be taken to consolidate or terminate investments, and where there are opportunities to establish shared-approaches to IT service delivery. OMB is working in partnership with Federal Agencies to implement the PortfolioStat process and tools.