The Office of Policy and Management, within available appropriations, shall establish and oversee a state-wide process improvement initiative, to assist executive branch agencies, as defined in § 4-67o, with business process analysis for purposes of (1) streamlining processes, (2) optimizing service delivery through information technology, (3) eliminating unnecessary work, (4) establishing standardized work flows, and (5) prioritizing available resources to promote economic growth, improve services and increase workforce productivity. The Secretary of the Office of Policy and Management shall establish a steering committee to support such initiative. The secretary, or the secretary’s designee, shall be the chairperson of such committee.