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Thursday, May 18, 2006

OMB to spell out financial LOB process

If competition is the foundation of the Office of Management and Budget’s Financial Management Line of Business Consolidation initiative, the administration’s migration planning guidance will be the blueprint agencies need to really understand how to assemble it.

OMB later this month will release the guidance, accept public comment for about three weeks, and finalize it by the end of June, according to Mary Mitchell, the General Services Administration’s deputy associate administrator for e-government and technology. GSA is the FMLOB managing agency.

“We do view that this migration planning guidance is a living document, so ... we will republish as we gain experience,” she said.

The guidance includes an updated due diligence checklist, a service level agreement template, and information on compliance and accountability. It also will contain sample draft RFP language that is not part of the current guidance to assist agencies as they put out requests for proposals to the public and private sector, Mitchell said.

OMB has already sought comments from agencies and 12 vendors on at least parts of the draft and has been meeting with selected vendors over the past month to gain a better understanding of how competition would work.

“It (the migration planning guidance) applies to what the federal agency must comply with when acquiring support from a shared-services provider. OMB will work with each agency to ensure that it complies with the framework,” an OMB spokesman said.

OMB is shaping the initiative to encourage agencies to provide more transparency and standardization in financial management.

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