Part I of this series analyzed the opportunities (as well as the related strings attached) stemming from the American Recovery and Reinvestment Act of 2009 (ARRA), a.k.a. the Economic Stimulus Plan. The inspiration came from my attendance of the Deltek Insight 2009 user conference last May, where Deltek decided to fill a market need and interest by convening a separate “track” that was entitled “Stimulus & Beyond (Navigating the Brave New World).”
Part II of this series then analyzed why Deltek believes it can help government contractors and architecture, engineering and construction (AEC) firms, as well as other public sector organizations in their endeavors to obtain ARRA funds (i.e., the opportunity part) and duly report on them (the strings part for transparency and accountability). Part III then expanded on the construction industry’s current challenges, its outlook, and market trends.
Although Deltek inspired this series and while the company caters to AEC firms, its focus and software capabilities are in the design or planning stage of an infrastructure object. But the entire infrastructure lifecycle management (ILM) encompasses the following phases that denote yet another three-letter acronym (TLA) – “PBO”:
Part I of this blog series tried to analyze not only the opportunity but also the many related strings attached stemming from the American Recovery and Reinvestment Act of 2009 (ARRA), a.k.a. the Economic Stimulus Plan. The inspiration came from my attendance of the Deltek Insight 2009 user conference last May, where Deltek decided to fill a market need by convening a separate “track” that was entitled “Stimulus & Beyond (Navigating the Brave New World).”
The conclusion of the keynote session was that while public sector organizations stand a fair opportunity to receive unprecedented amounts of economic stimulus funds, the catch is that they need to provide unprecedented transparency and accountability into how those funds are spent while measuring the achievements of those programs. Indeed, many of the “lucky” recipients of funds from the ARRA must meet legal requirements to publish timely and accurate accounting, allocation, and results data for every dollar received.
At Deltek’s Insight 2009 user conference last May, the host software vendor did a notable thing. Namely, besides merely putting on an all-too-common multi-day conference chock full of product announcements, functional breakout sessions, and industry best-practice discussions, Deltek decided to fill a market need by convening a separate “track” that was dedicated to navigating the maze of the American Recovery and Reinvestment Act of 2009 (ARRA), a.k.a. the Economic Stimulus Plan.
On paper (and as debated and discussed on TV channels ad nausuem), the goal of the Act was to stimulate the US economy and create (or save) jobs through a mix of increased federal appropriations, expanded mandatory spending, and tax cuts. Major policy objectives included in ARRA are the following:
But any stimulus money that a general contractor or manufacturer receives via US federal departments (e.g., Department of Transportation [DOT]) or agencies’ (e.g., Federal Highway Administration [FHWA]) contracts and competitive grants, as well as via US state/local government agencies’ contracts and competitive grants, comes with many strings attached, especially in terms of stringent reporting requirements. In other words, the money and funds that are envisioned to go towards infrastructure, computerizing Americans’ health records, renewable energy, the largest home and commercial building weatherization program in history, the education reform and college affordability and access, etc., are subject to an unprecedented focus on oversight, accountability, and transparency.
Part I of this blog series explained Deltek’s ebullience despite a hostile and depressed environment. The continued cash-generating operation has been complemented by in-house developments, acquisitions, and partnerships.
The previous blog post also talked about the recent developments (and anticipated future developments) at Deltek’s Professional Service line of business, which is largely represented by Deltek Vision [evaluate this product]. Parts II & III will analyze the recent developments (and anticipated future developments) at Deltek’s remaining lines of business. Read the rest of this entry »