Financial Management Systems: OMB's Financial Management Line of Business Initiative Continues but Future Success Remains Uncertain

Abstract

In March 2004, the Office of Management and Budget (OMB) launched the financial management line of business (FMLOB) initiative, in part, to reduce the cost and improve the quality and performance of federal financial management systems by leveraging shared service solutions and implementing other reforms. In March 2006, GAO reported that OMB's approach did not fully integrate certain fundamental system implementation-related concepts and recommended OMB take specific actions. This report discusses (1) OMB's progress in addressing GAOs prior FMLOB recommendations and implementation challenges and (2) the effectiveness of OMBs monitoring of financial management system modernization projects and their costs. GAO's methodology included reviewing OMB's FMLOB-related guidance and reports and interviewing OMB and Financial Systems Integration Office (FSIO) staff.

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Document Details

Document Type
Technical Report
Publication Date
May 01, 2009
Accession Number
AD1181063

Entities

People

  • Chris Martin
  • Francine Delvecchio
  • Jim Kermen
  • Kay L. Daly
  • Latasha Brown
  • Leonard Zapata
  • Michael Laforge
  • Naba Barkakati
  • Patrick Tobo
  • Sabine Paul

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Cyber
  • Human Systems

DTIC Thesaurus Topics

  • Business Administration
  • Department Of Defense
  • Department Of Homeland Security
  • Governments
  • Homeland Security
  • Information Systems
  • Law
  • Logistics
  • Management Personnel
  • Money
  • National Governments
  • National Security
  • Organizational Structure
  • Public Administration
  • Supply Chain
  • Supply Chain Management
  • United States
  • United States Government

Fields of Study

  • Business

Readers

  • Defense Financial Management and Audit.
  • Distributed Systems and Data Platform Development