Given the critical state of the U.S. economy, American taxpayers need maximum return on their investment in stimulus projects. If outdated management processes that contributed to the crisis are used to manage the program, the principle outcome will be disillusionment. A new tool is needed.
ActiveStrategy StimulusScorecard™ is a low-cost, turn-key web-based service designed to allow recipients and subrecipients of the American Recovery and Reinvestment Act of 2009 (ARRA or Recovery Act) funds to effectively monitor and manage their project portfolio and individual projects. The application collects project information required by the Act and the data is real-time and available to identify preemptive action needed to prevent delays, waste, fraud, and abuse that could undermine program performance and public confidence. ARRA requires extensive reporting on actions after they occur and funds investigations of alleged abuse but data-based project management will be the difference between success and failure.
ActiveStrategy StimulusScorecard™ allows Federal agency, state, city, and local officials, as well as other Recovery Act recipients, to monitor and manage:
- How efficiently and effectively the dollars are being spent in real time (i.e. are the programs on-time, on-budget, and on-quality from their original plan)
- How much impact there is on economic recovery (i.e. what long-term benefits are being realized in job creation productivity, energy efficiency, etc.)
- Who is responsible for projects and what updates are they providing on performance
- How many projects and how many dollars have been awarded, spent, obligated or are pending
In short, the service permits organizations to meet the highest standards for transparency and accountability. Further, to meet the detailed ARRA reporting requirements, data collection must be part of implementation plans. The ActiveStrategy StimulusScorecard™ provides a tool for data collection that saves staff time.
ActiveStrategy StimulusScorecard™ is driven by a scorecarding and dashboarding software system called ActiveStrategy Enterprise – in use today by the most advanced and progressive governments in the country. It provides a secure, low-cost system that requires virtually no IT support and can be online and ready to go in hours, not months. You get a full package including the online service, documentation, training, best practices measurement templates for the ARRA, telephone support, a users group, help selecting key measures and objectives and getting your system up and running, and ongoing analysis of OMB guidance. We will even provide key coaching on how to use the system to conduct reviews of your projects and ARRA strategy. Best of all, there is no software to buy or install – you pay for the system only for as long as you need it as part of the management and administrative costs of the stimulus projects.
Whether you are a Federal agency, local, city, county government or other recipient, ActiveStrategy StimulusScorecard™ can help meet your ARRA needs at a price you can afford. If you are a State or Federal Agency, contact us to see how StimulusScorecard™ can be used to centrally collect information from recipients and subrecipients as well as to keep track of your own ARRA information.