Jun 13, 2011
A new report, sponsored by Oracle and researched by the Economist Intelligence Unit, highlights how federal agencies are responding to the GAO’s findings through refined project management practices in an attempt to avoid budget cuts and create value within their agency.
Interviews with the Department of Energy (DOE), the National Aeronautics and Space Administration (NASA) and the Department of Veterans Affairs (VA) reveals how agency leaders are:
- Taking a holistic approach to program evaluation by investigating how new programs fit with existing programs;
- Building a feedback loop into the evaluation process in order to redefine planning continually, rather than only at the beginning of each budget cycle;
- Prioritizing the programs that are most important to maintaining the agency’s mission; and
- Assuming the worst-case scenario in terms of budget cuts, and planning accordingly.