Do you feel like the frog being boiled? Only four years ago, it was cool to
be in government again – but now the pot’s boiling on extra high. The heat
continues to rise with the taxpayers’ distrust of the management and stewardship
of their money; whether it’s anything from ballooning deficits to irksome
conference spending – the federal CFO community is in the thick of things. And
the view from the bunker is not pretty either, as we emerge from the turbulence
of continuing resolutions, threats of government shutdowns, whilst still toiling
away under the cloud of sequestration. And do not forget what we all did to make
the execution of the Recovery Act a success with transparency in reporting and
very little instances of fraud, waste, and abuse?
As we approach the presidential election and despite recent history and
events, there has been somewhat of a hiatus from new management initiatives –
but expect this to change quickly (no matter who wins the election) with a newly
invigorated administration, some severe externalities hanging over us, and a
backlog of legislative proposals aimed at improving how the government spends
its money. The federal CFO community will continue to experience increasing
pressure and demands to keep performing with ever eroding levels of resources. I
see that these challenges are starting to drive an emerging agenda for the
federal CFO to address and work on over the next handful of years. So, here are
four of the bigger things I see on the agenda:
1. Maintain the measure of fiscal integrity;
2. Build a relentless focus on cost management;
3. Mitigate severe human capital risks; and
4. Find capital to invest in new business systems (or find someone else
to run them).
-Owen Barwell, GovExec.com
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