Time to Update OMB Capital Programming Guidance

omb-capital-programming-guidance-thumbnail.jpg

In this whitepaper, the author proposes that the new U.S. presidential administration update federal programming guidance procedures on budgeting and acquisition with an eye towards defining a more holistic management framework based upon industry standards for project, program, and portfolio management — that could result in a more effective and efficient bureaucracy. He says that these changes could promote implementing the Program Management Improvement and Accountability Act (PMIAA) and be the catalyst for an overall improvement of capital asset management and accountability.