What is the Program Management Improvement and Accountability Act?

PMI's Pulse of the Profession report shows "only 64 percent of government strategic initiatives ever meet their goals and business intent -- and that government entities waste $101 million for every $1 billion spent on project and programs."This type of waste goes back many decades, spans several administrations, has an enormous cumulative undesirable impact, and ultimately the financial burden transfers back to taxpayers in one way, shape or form.
To address this widespread and costly problem,