Ron Wince, CEO of Guidon Performance Solutions discusses effectiveness of Stimulus spending.
In a recent interview on Fox Business channel, I had the opportunity to discus how effectively the stimulus funds are being deployed. The discussion focused on how federal and state agencies now are not prepared for the challenges of such an enormous task. In fact, APQC recently reported that only 24% of state and federal agencies reported being fully prepared to manage the $787 billion from the American Recovery and Reinvestment Act of 2009. Not only are agencies unstaffed to handle the increased volume of applications, proposals and permits, but the processes associated with the management of funds, accountability and measurement systems are not in place.
Fortunately there is a solution to speed things up and quickly deliver results. By adopting the principles and tools of Lean Six Sigma, agencies can rapidly streamline processes and accelerate the results from the stimulus funds.
Certainly these are uncommon times with uncommon challenges. Fortunately in Lean Six Sigma there is a basic, common sense approach which can rapidly help government agencies get over their most significant hurdles to effectively managing the stimulus funds.
I found this information on Twitter thru @cmlindstrom
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