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CHAPTER 4. YEAR-END SPENDING 196<br />

Table 4.10: Ordered Logit Regressions of Sub<strong>in</strong>dexes on Last Week <strong>and</strong> Controls<br />

Odds ratio from ordered logit<br />

Evalutation by Agency Cost Cost Schedule<br />

CIO<br />

rat<strong>in</strong>g overrun rat<strong>in</strong>g<br />

(1) (2) (3) (4) (5)<br />

Last week of September 0.14 0.16 0.80 0.74 1.15<br />

(0.06) (0.07) (0.36) (0.30) (0.66)<br />

Cost <strong>and</strong> schedule rat<strong>in</strong>g X<br />

Agency FE X X X X X<br />

Year FE X X X X X<br />

Project characteristics X X X X X<br />

Weighted by spend<strong>in</strong>g X X X X X<br />

N 671 671 671 671 671<br />

Source: I.T. Dashboard data, accessed March, 2010 via http://it.usaspend<strong>in</strong>g.gov<br />

Notes: Odds ratios from ordered logit regressions. The CIO evaluation is the agency CIO's<br />

assessment of project quality. It takes values from 1 to 5, with 5 be<strong>in</strong>g the best. The cost<br />

rat<strong>in</strong>g is based on the absolute percent deviation between the planned <strong>and</strong> actual cost of<br />

the project. The cost overrun is a non-absolute measure that assigns over-cost projects the<br />

lowest scores. The schedule rat<strong>in</strong>g is based on the average tard<strong>in</strong>ess of the project. The<br />

cost <strong>and</strong> schedule <strong>in</strong>dexes takes values from 0 to 10, with 10 be<strong>in</strong>g the best. Project<br />

characteristics are fixed effects for <strong>in</strong>vestment phase, service group, <strong>and</strong> l<strong>in</strong>e of bus<strong>in</strong>ess<br />

(see Table 5). St<strong>and</strong>ard errors <strong>in</strong> parentheses.

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