The Project Management Institute (PMI) joined the Congressional Government Efficiency Caucus earlier this month to discuss the recent enactment and intended benefit of S.1550, the Program Management Improvement and Accountability Act of 2015 (PMIAA), which was signed into law on December 14, 2016.
The new law, strongly endorsed by PMI, was enacted with overwhelming bi-partisan support. PMIAA aims to enhance accountability and implement sound practices in project and program management throughout the federal government in hopes of improving program outcomes and reducing wasteful spending.
According to PMI’s recently released Pulse of the Profession 2017, “only 64 percent of government strategic initiatives ever meet their goals and business intent — and that government entities waste $101 million for every $1 billion spent on project and programs.”
“This critical law will help maximize efficiency within the U.S. federal government, thereby generating more successful program outcomes and increasing the value that Americans receive for their tax dollars,” said PMI President and Chief Executive Officer Mark A. Langley.
- Creates a formal job series and career path for program managers in the federal government.
- Develops a standards-based program management policy across the federal government.
- Recognizes the essential role of executive sponsorship and engagement by designating a senior executive in federal agencies to be responsible for program management policy and strategy.
- Shares knowledge of successful approaches to program management through an interagency council on program management.
For more details on the new law, go to: https://www.congress.gov/bill/114th-congress/senate-bill/1550