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6.9661445375525E-05 5.97098103218947E-05 -0.000577194833111121 0.00141313217761674 0.00306510359652095 -0.00264713492426803 -0.000218935971179979 0.00193061720040608
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Pentagon Kills Off HR IT Project After 780% Budget Overrun, Years Of Delays [zero hedge]

International Business Machines Corporation (IBM) 
Last international business machines corporation earnings: 4/20 04:08 pm Check Earnings Report
US:NYSE Investor Relations: ibm.com/investor
Company Research Source: zero hedge
Pentagon Kills Off HR IT Project After 780% Budget Overrun, Years Of Delays By Brandon Vigliarolo of The Register After blowing deadlines and budgets for years, the Pentagon has finally pulled the plug on a troubled project to overhaul its outdated civilian HR IT systems. Like many government projects before it, the US Defense Civilian Human Resources Management System (DCHRMS) promised big things when it was kicked off nearly a decade ago. According to a memo [PDF] signed by Secretary of Defense Pete Hegseth late last week, the program was intended to streamline a large portion of the DoD's legacy HR IT systems, but it's being axed after officials concluded pouring more funds into it would be "throwing more good taxpayer money after bad." DCHRMS started in 2018 with a planned development timeline of one year and a budget of $36 million, "but instead it's taken eight years and is currently $280 million over budget - that's 780 percent over budget," Hegseth said in a video announcing t Show less Read more
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