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Building an ARRA RFP - the PMO, Project Assurance and Portfolio Management components.
The American Recovery and Reinvestment Act has placed an unprecedented demand for accountability and transparency from the States. The responsibility for a massive influx of funds on a one-time basis requires different frameworks and methodologies outside the business-as-usual funding from the State legislatures and normal Federal support. In addition, the schedule to be enforced puts additional pressure on the States to comply with the detailed requirements of the ARRA.
Some States have some mechanisms in place that need adjustment to scale; others will be setting up the response apparatus for the first time. Pcubed has reviewed multiple Requests-For-Proposal from different States that are seeking support for both the set-up as well as the on-going tracking of Federal Stimulus funds, in compliance with the accountability and transparency expected...read article ›
Today's economic challenge requires IT organizations to rethink how they approach cost reduction. Understanding the balance between Investment Risk versus Execution Risk through portfolio optimization, helps organizations to be better positioned to make the "right" cost reduction or reallocation decisions.
Leaders in IT portfolio management have demonstrated ways to cut IT costs by 2% to 5%, improve productivity 25% to 50%, and shift 10% to 15% of the IT budget into more strategic projects... read white paper › (PDF 175KB)
Although it's no silver bullet, the practice of project portfolio management (PPM) can help organizations cut costs in an efficient manner. The goal is to make sure that resources are invested in initiatives that support the strategic objectives of the organization as they evolve. Institutions that employ PPM as a practice stand out because they apply method to the sometimes-haphazard decision-making that goes on in determining what projects warrant investment...read article ›
Related information
 States are about to receive unprecedented funds to kick start economic activity. What will it take to manage these funds and drive delivery of real results? Sean O'Brien, Sean Laffin, and Adam Bergmann provide a general response and approach...read article ›
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