Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Public Council Teleconference: Application Rationalization — Hidden Costs and Smart Decisions
November 17 at 11:00 am US/Eastern (GMT-5)
Join Honorio Padrón, of The Hackett Group, who will share the drivers for companies to tackle application rationalization and the results of research that define the hidden cost of complexity. Additionally, we will discuss key decision milestones—to start or not, holding the course steady and fulfilling expectations.
Virtual Desktop Cost-Benefit Analysis — Michael Jacobs, Catlin Group
The analysis contained in this presentation measures the cost of everything from the machines and licenses to the infrastructure for virtual vs. traditional desktop environments.
Honor your best senior team members - Apply for the CIO Ones to Watch Award
Get well-earned public recognition for your top up-and-coming team members, your IT organization and your enterprise. Award winners will be announced, publicized and feted in May 2010, great timing to help attract new IT recruits to your company.
Learn more about the CIO Executive Council »November 06, 2009 — Computerworld —
WASHINGTON - The U.S. government has spent about $700 million on IT and telecommunications products and services under its economic stimulus program, part of a total of $3 billion that's in the spending pipeline, according to a private analysis of this data. But how many jobs have been created is not as clear.
States Scramble to Track Federal Stimulus Bucks
Maryland is Tops at Tracking Stimulus Spending
Congress approved $787 billion in February to promote job growth and the White House recently claimed that some 600,000 jobs have been created by the stimulus spending so far. But the government data, made available through Recovery.gov , provides no details about the types of jobs and salaries and uses formulas to estimate the job impact.
Oniva Inc., which tracks government contract spending and has set up a separate site, Recovery.org , to look at stimulus spending specifically and has tallied the amount of technology spending. It calculates spending, and planned spending, based on actual contracts, or parts of contracts, that have allocated funding for IT and telecommunications communications and services.
The companies receiving stimulus funds report the number of direct jobs created, but don't estimate the indirect help. For instance, the U.S. Social Security Administration is upgrading some IT equipment with money from the stimulus, but according to reports on three projects underway in Maryland, which represent just a fraction of the agency's tech spending, only 17 jobs were created or saved on about $11 million in spending.
IBM was awarded in September a Social Security Administration contract, worth about $8.5 million, to upgrade systems around the country. IBM put the number of jobs created or saved at 16.8 is based on a combination of formulas developed by IBM and the White House, according to the company's filing. Oracle Corp. reported from the same agency a contract of $1.25 million that didn't cite any jobs created. Similarly, Hewlett-Packard Co., didn't report any jobs also for a $1.25 million computer equipment contract .
Oniva estimates that the direct stimulus spending has created just under 8,000 tech and telecom jobs, but this is a calculation based on a White House formula that says for approximately every $92,000 in recovery dollars spent, one job is created or saved, said Michael Balsam, the chief solutions officer of Onvi.
The government's formula attempts to look at indirect job creation that stem from direct awards, but Balsam has questions about way the government is reporting its data. The U.S. job creation claims is not based on actual contract awards, said Balsam. "Only 25% of that [stimulus] money has actually left Washington," he said.