On December 14, 2016, Program Management Improvement and Accountability Act (PMIAA) was signed into law. The law will:
Promote effective standards,
policies, and guidelines
Improve cost and schedule
performance of high-risk projects
The Project Management Institute’s Pulse of the Profession report shows only 62 percent of government strategic initiatives ever meet their goals and business intent—and that government entities waste $122 million for every $1 billion spent on projects and programs.
What agencies can do now
The Act gives agencies a compelling and shared business reason to start reaping the benefits of increased project management rigor. Here are three simple steps—at the team or agency level—agencies can start now.
People: Are the right PMs with the right PM knowledge, skills, and abilities (KSAs) managing the right projects?
KSAs: Do current and future PMs have access to PM training to build KSAs?
Risk: Are key project and program risks being managed?
Training: Identify training opportunities that are easily accessible and already available for PM related tasks.
Collaboration: Form a working group of PM professionals that can share and standardize best practices.
Development: Encourage PMs to use PMI for tools, resources, and self-directed training plans.
Hiring: Elevate the importance of project management skills as part of hiring assessment.
Training: Identify longer term training needs in a needs assessment plan.
Track: Identify project management successes, best practices, and lessons learned.