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Strategic Plan

The CARES Act identifies development of a strategic plan as one of the PRAC’s 11 statutory functions:

The CARES Act directed the PRAC to develop a strategic plan “to ensure coordinated, efficient, and effective comprehensive oversight by the Committee and Inspectors General over all aspects of covered funds and the Coronavirus response.” See CARES Act, Pub. L. No. 116-136, sec 15010(d)(1)(B)(i).

The PRAC’s strategic plan summarized below identifies four goals the Committee will pursue to realize its vision:

Strategic Plan at a Glance 2020-2025

MISSION:

To serve the American public by promoting transparency and the coordinated oversight of the Federal Government's coronavirus response to prevent and detect fraud, waste, abuse, and mismanagement and to identify and mitigate major risks that cross program and agency boundaries

VISION:

Sound stewardship of taxpayer funds and an effective and efficient coronavirus response across the Federal Government, the oversight of which will be data-driven, risk-focused, and technology-enabled

VALUES:

Objectivity  ●  Independence  ●  Integrity  ●  Transparency  ●  Innovation  ●  Collaboration

GOALS AND OBJECTIVES

Prevent and Detect Fraud, Waste, Abuse, and Mismanagement

  • Mitigate Major Risks That Cut Across Program and Agency Boundaries
  • Hold Wrongdoers Accountable

Promote Transparency

  • Provide the Public with Timely Data and Information on Covered Funds and the Coronavirus Response

Promote Coordinated, Comprehensive Oversight

  • Facilitate Exceptional Coordination and Collaboration To Ensure High-Impact Results
  • Foster Sound Stewardship of Covered Funds and Programs
  • Ensure Efficient Sharing of Data, Analytics, and Other Information

Ensure Effective and Efficient PRAC Operations

  • Fulfill Statutory Responsibilities
  • Support the Independent Oversight of Inspectors General
  • Build a Diverse Team of Innovative Thought Leaders

Read Strategic Plan 2020-2025

strategic plan