Recently, the media was buzzing with news that president-elect Obama named Nancy Killefer, a management consultant with McKinsey & Company, as the nation's CPO. 

That is Chief Performance Officer.

According to the media "the newly created position aims to make government more efficient, effective and transparent".

I don't know what a CPO does but it surely sounds and smells, especially given Nancy's consulting background, like a business analysis position.

And if you're still wondering what in the world is a Chief Performance Officer then check out:

CPO Book: Chief Performance Officer

CPO Blog: Measuring What Matters, Managing What Can Be Measured

More References:

http://money.cnn.com/2009/01/07/news/economy/performance_officer/index.htm

http://www.washingtontimes.com/news/2009/jan/07/obama-names-management-consultant/