The Program Management and Accountability Act is there to help deal with the waste in the government. There is a report that shows that only 64 percent of government strategic initiatives do what they are supposed to do. Government entities waste a lot of money. The bill was signed by President Obama and will help to reform the wasted money.
- PMI’s Pulse of the Profession report shows “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 type of waste goes back many decades, spans several administrations, has an enormous cumulative undesirable impact, and ultimately the financial burden transfers back to taxpayers in one way, shape or form.
- the Program Management Improvement and Accountability Act of 2015 (PMIAA) into law. This piece of legislation was fully supported by the Project Management Institute (PMI) and garnered staggering bi-partisan support.
“We all know there is a lot of waste in government. Well some politicians are trying to do something about it by enacting the Program Management Improvement and Accountability Act.”