The document proposes creating a Project Management Center of Excellence at the federal government level to address challenges with project management competencies and the impending retirement of 50% of the federal workforce by 2005. The Center would provide a centralized physical and virtual location for collaboration, mentoring, best practices sharing, and training to develop consistent project management skills across agencies. It would minimize duplication, promote knowledge sharing, and help reverse the loss of expertise through retirement by connecting project managers to resources and experts.