President Barack Obama has signed legislation that seeks to boost accountability and best practices in project and program management functions across the federal government.
The Project Management Institute said Friday both chambers of the Congress approved the Program Management Improvement and Accountability Act of 2015 with bipartisan support.
PMIAA will work to develop aÂ formal job series and career path for program managers in the federal government; create a standards-based program management policy; and appointÂ a senior executive in federal agencies to oversee program management policy and strategy.
The legislation will also form an interagency council that will work to foster information sharing onÂ program management practices.
PMI saidÂ reforms outlined in PMIAA align with theÂ non-profit association’s Pulse of the Profession report that showsÂ investment in program management talent and standards optimize outcomes, accountability and efficiency.
The report found 64 percent of government strategic initiatives achieve goals and business intent and also claimsÂ government organizations waste $101 million for every $1 billion spent on project and programs.