On March 20, 2018, the White House Office of Management and Budget released the President's Management Agenda (PMA), the administration's blueprint for modernizing the federal government while considering the importance of effectively using taxpayer dollars. The PMA's three priorities are IT modernization, data accountability and transparency, and creating a 21st century workforce.
The PMA also states that the federal government could reduce its annual spending on common goods and services—currently about $300 billion—through the use of agency share contracts. Although the goal of leveraging common contracts is to save the federal government money, the PMA's IT modernization and increased data accountability/transparency goals present significant revenue opportunities for government contracting companies. Federal agencies will likely spend large amounts of money on federal contracts to update their technological processes and systems.
The full PMA can be accessed at https://www.whitehouse.gov/wp-content/uploads/2018/03/Presidents-Management-Agenda.pdf.