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Use a Research Management Solution

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What is the idea?

Use a Research Management Solution (RMS) to track the due diligence performed by the government agencies tasked with distributing stimulus funds. An RMS can systematically capture and organize the unstructured information required for the analysis of stimulus investments. RMS has been successfully adopted by money managers all over the globe as a way to create an open and transparent collaboration among analysts, power better choices for decision-makers, and create a structured audit trail of analysis.

Why is it important?

99% of the world's information is unstructured: email correspondence, documents, spreadsheets, slide decks. While quantitative analysis is critical, many of the most important decisions are driven by human discourse – in words not just numbers. Research Management Solutions transform the cacophony of disparate email inboxes and shared drives into a structured database shared in real time across global organizations. To provide complete transparency for the public, the agencies responsible for application of stimulus funds need to track their internal assessments. These assessments will include large bodies of correspondence and prose analysis. Research Management Solutions can transform the potentially chaotic investment research process into a coherent, organized, and agency-wide effort.
Submitted by fawce from Advent (Tamale Division) (Knowledge Management) on Apr 28, 2009

This idea is now closed to further comments.

Current number of stars: 3
based on 4 votes
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2 Comments

Member comment

I think this solution may work well if you are talking about Agencies within the Federal Government.  Once you get outside of that into the States and the agencies that that States will be dispersing funds,  I have difficulty seeing how this could work.

Comment from judyjh at Department of Social and Health Services on Apr 28, 2009
Member comment

I agree - this is an idea for the Federal Goverment agencies. Accountability needs to start at the top. The agencies tasked with dispersing stimulus funds are effectively running the world's largest private equity fund. Sunshine is the best disinfectant - the easiest way to prevent waste is to ensure the entire process is transparent and open. That should include the research and due diligence conducted by the federal agencies on the downstream programs.

Comment from fawce at Advent (Tamale Division) on Apr 29, 2009