What?
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
How?
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.
Who?
When?
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.
ASK
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?
ACT
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.
ASSESS
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.