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

 
Our Price: $25.00
By Kay L. Daly (au); Naba Barkakati (au)
Year: 2009
Pages: 57
Binding Paperback

Product Code: 1437917720

Description
 
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, it was 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 prior FMLOB recommendations and implementation challenges; and (2) the effectiveness of OMB's monitoring of financial management system modernization projects and their costs. Illus.

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