The Federal Cost of Bad PM

  ProjectsAtWork  

Government organizations are risking $148 million for every $1 billion spent on programs due to ineffective program management, according to a Project Management Institute study presented to the Government Efficiency Caucus this month.

Program failure in government can have dire consequences. Aside from the highly visible nature of mismanaged public programs, failure results in wasted taxpayer dollars in a political and economic climate that requires scrutiny on every dollar spent. A new study released from Project Management Institute found that government organizations risk $148 million for every $1 billion dollars spent. This is $13 million more than the general survey findings — demonstrating that government lags behind private industry in key success areas that point a way forward for effectively managing programs.

PMI president and CEO Mark Langley announced these and other findings from the 2013 Pulse of the Profession at a June 12 meeting of the Government Efficiency Caucus, chaired by Rep. Todd Young (R-IN) and Rep. Jim Matheson (D-UT). Other featured speakers included Dr. Paul Light, Wagner’s Paulette Goddard Professor of Public Service, New York University, and Mr. Richard Garrison, Vice Chancellor, U.S. Department of Veterans Affairs, Acquisition Academy.

“There are pockets of excellence in the Federal government that are already using …

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