Federal Information Technology Acquisition Reform Act (FITARA) enhances the responsibility and authority of agency CIOs so as to increase their efficiency in managing and overseeing IT resources and assets. These responsibilities and authorities include, but are not limited to: IT portfolio review; budget formulation and approval of IT budgets; CIO appointing authority; enhanced transparency and risk management of IT investments; IT workforce planning; strategic sourcing; and consistency in reporting to strengthen accountability and manage cost, schedule, and performance measures for IT programs.

SBA’s FITARA Implementation Plan describes the policies, processes, and guidance that require updates or revisions to meet Office of Management and Budget (OMB) objectives and comply with FITARA requirements.