IRS' watch list
The following modernization projects, led by Computer Sciences Corp., are under watch by officials from the Internal Revenue Service and Congress:
Function: Web-based administrative applications, such as issuing tax preparer identification numbers.
Revised cost estimate: $130 million — $86 million over original estimate.
Revised completion date: April 20, 2005 — 1 year behind schedule.
Project: Customer Account Data Engine Release 1
Function: Database management system for taxpayer account data.
Revised cost estimate: $97 million — $36 million over original estimate.
Revised completion date: June 30, 2005 — 2 1/2 years behind schedule.
Project: Integrated Financial System Release 1
Function: General ledger accounting system.
Revised cost estimate: $153 million — $53 million over original estimate.
Revised completion date: Project schedule is under review.
Source: General Accounting Office