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Search Tags: financial management systems
GAO reviewed the administration's implementation of the July 2010 memo calling for a government-wide review of financial management projects. Auditors found about half of the projects said there was no change in cost and three-quarters said their schedule remained the same.
Bob Tobias, director of public sector executive education at American University, argues for the upgrade and investment in the federal government's financial management systems and points out the reasons those changes aren't happening.
The Office of Management and Budget is pulling out its fine-tooth comb as it begins the task of ferreting out financial management modernization projects in need of refinement. Joe Moyer with Micro Focus tells us how companies are reacting and adapting to the change.
WFED's Max Cacas reports.
The Department of Veterans Affairs has decided to scrap large portions of its $400 million FLITE financial management modernization program.
The Office of Management and Budget is taking aim at approximately 30 agency financial management modernization systems. Part of the new oversight is a Financial Systems Advisory Board made up of CFOs and CIOs across the government. The administration's goals are lower costs and improve performance by addressing long standing project problems.