TechStat is a governance model to "turn around or terminate" underperforming projects in the IT portfolio.
This is one of the key tenets in the 25-Point Implementation Plan to Reform Federal IT.
The training video (above) is an introduction to the TechStat model.
The goal is improved IT investment management and accountability for IT programs.
More information on TechStat, and in particular the toolkit for implementation, is available at the Federal CIO website.