The evaluation was also designed to ensure that NSERC meets the requirements of section 42.1(1) of the Financial Administration Act, the Treasury Board Policy on Evaluation (2009) and the timing of the evaluation stipulated in the program’s initial Terms and Conditions. [...] Efficiency and Economy With respect to efficiency and economy, the evaluation found that the cost of administering the program is reasonable considering the life-cycle of the program. [...] Governance and Corporate Structure The Deputy Director of the CCI program is accountable for the operation of the program and reports to the Director of Knowledge and Technology Transfer Division for the delivery and results of program. [...] The Director reports to the Vice-President Research Partnerships who reports to the President of NSERC on the delivery and progress of the program. [...] As part of the 2007 S&T strategy, the federal government created the PSAB to provide advice on the implementation of the Centres of Excellence for Commercialization and Research (CECR), Business-led Networks of Centres of Excellence (BL-NCE) and CCI program to ensure the programs meet the needs of Canadian businesses.