OCTO Wins National IT Awards at NASCIO Annual Conference The National Association of State Chief Information Officers (NASCIO) has honored the Office of the Chief Technology Officer (OCTO) with three national information technology (IT) awards. The new honors bring the District's total IT awards to 10 in 2008. NASCIO named OCTO the winner of its Recognition Award in the IT Project and Portfolio Management Category, an award for state initiatives that develop governance processes, policies and systems for the efficient management of IT investments from concept, funding, implementation and operation to retirement. The award-winning project was the "stock market model" developed by Chief Technology Officer (CTO) Vivek Kundra for managing the District's IT investments. Kundra's innovative idea was to manage IT projects as a portfolio of stocks, with each project as a company, its team as the management, its schedule and financial status captured in market reports and customer satisfaction as the market reaction. By applying these stock-market practices to government technology, Kundra was able to identify problem projects early and either switch managers or kill the projects, freeing resources for more promising initiatives. Earlier this year Kundra was honored for his ground-breaking stock market model by both the MIT Sloan CIO Symposium, which recognized Kundra among outstanding IT innovators, and by InfoWorld Magazine, which named Kundra among the nation's top 25 CTOs.