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| Countries covered: United States This IDC Insight examines the project and portfolio management (PPM) applications that are being used in the local U.S. market to track the stimulus money by various state and local governments. The American Recovery and Reinvestment Act of 2009 (ARRA) was enacted in an attempt to kick-start the struggling economy with stimulus money. The state and local governments that are participating to receive the stimulus money under the ARRA are required to report the progress of projects with a high degree of transparency. IDC believes that citizens will demand that all future government spending be transparent with real-time reporting on the progress of any public project. PPM applications are best suited for not only reducing the probability of cost and time overruns while undertaking capital projects but also getting a consolidated view of multiple projects presented by highly structured reports based on numerous financial and nonfinancial attributes. |
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