Risk Assessment of the Millennium Challenge Corporation’s Information Technology Governance Over Its Information Technology Investments

We recommend that Millennium Challenge Corporation Chief Information Officer (1) conduct an analysis to determine whether the information technology function has sufficient resources to adequately support the business goals and objectives of the organization and (2) through the organization's budgeting process, submit a written request for additional resources to address any shortfalls identified in the analysis.

We recommend that the Millennium Challenge Corporation Deputy Chief Financial Officer revise the budget policy and procedures to account for the change from line item budgeting to project budgeting.

We recommend that the Millennium Challenge Corporation Chief Information Officer develop a process and implement a tool for monitoring project plans and work completed to determine earned value, providing an early warning of performance issues impacting project budgets.