Why Read This
The American Recovery and Reinvestment Act (ARRA), signed in February of 2009, has caught many state and local governments unprepared. With billions in available stimulus funds, these entities are faced with the challenge of complying with new ARRA tracking and reporting requirements if they are to receive funds under the program. Those that do not are cut off from a wealth of capital that promises to rejuvenate public investment and local economies. Project portfolio management (PPM) software vendors are leveraging their tracking and reporting capabilities to help these government entities secure funding and reduce the stress of the mandate.