Danny Werfel

The Obama Administration is mapping out its plans for significant changes in federal financial management. Yesterday morning, the White House’s top financial manager outlined those plans for his government colleagues in an appearance at the Willard Hotel.

Controller Danny Werfel says agencies have been developing inventories and now it’s time to get rid of unneeded real estate. OMB also preparing to kick off cloud computing certification program. And administration’s performance management portal under development.

OMB Controller Danny Werfel says agencies have been developing inventories and now it’s time to get rid of unneeded real estate.

Kodak moments from Federal News Radio’s coverage of IRMCO 2010 from Cambridge, Md.

Big Federal names talk to Federal News Radio at IRMCO.

The four senior Office of Management and Budget officials who are leading the Obama Adminstration’s management efforts detail the strategies they’re using to move forward.

WFED’s Max Cacas has more.

Recently, Federal IT officials have been talking about important changes to the way that financial management systems at federal agencies are upgraded. But now one of the government’s top financial managers is also speaking out on the need for new thinking when the time comes for modernizing those systems.

The administration issues two new memos focusing on all IT projects and specifically on financial management systems. OMB will issue guidance in the next month detailing how they will evaluate which programs are at most risk. OMB’s Zients says programs worth more than $10 billion are significantly off track in cost, schedule or both.

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.