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Budget Formulation and Execution Line of Business

Exhibit 300: Part I: Summary Information and Justification (AllCapital Assets)OverviewDate of Submission:

9/11/2006

Agency:

018

Bureau:

Office of Planning, Evaluation,Policy Development

Name of this Capital Asset:

Budget Formulation andExecution Line of Business

Unique Project (Investment)Identifier: (For IT investmentonly, see section 53. For all other,use agency ID system.)

018-18-01-01-01-3200-24

What kind of investment will thisbe in FY2008? (Please NOTE:Investments moving to O&M ONLYin FY2008, withPlanning/Acquisition activitiesprior to FY2008 should not selectO&M. These investments shouldindicate their current status.)

E-Gov/LoB Oversight

What was the first budget yearthis investment was submitted toOMB?

FY2008

Provide a brief summary and justification for this investment,including a brief description of how this closes in part or inwhole an identified agency performance gap:

Most agencies do not have automated systems to support their budgetformulation and execution activities - they depend on basic officesoftware to prepare and justify complex, multi-billion dollar budgets. Afew agencies have elements of systems that improve aspects of theprocess, but none are totally satisfied. Hundreds of budget exercisesare conducted annually without the benefit of electronic collaborativetechnologies. Agency budget personnel spend substantial time enteringand reconciling data and merging numbers into textual presentationsand documents. They extract and massage data from a variety of sources and then manually input it into OMB's MAX system - only oneagency submits data electronically. The goal of the LoB is to enable

agency and OMB budget personnel to reduce manual processes,improve efficiency and effectiveness, and redirect limited resources to abacklog of high priority analytical activities without compromisingrequirements or the flexibility of policy officials. Federal budgeting is apolicy-driven process that must dynamically respond to externalevents. Multiple participants have the power to modify the process.There is significant variability in agency size, activities, organizationalcomplexity, and congressional constituencies. With these inherentcharacteristics, solutions based on standardizing business processesand workflows are impractical for most budgeting activities. Instead,LoB solutions address the basic functional capabilities and toolsbudgeting staff use to perform budget formulation and executionactivities. LoB solutions will enhance Federal budgeting capabilities by:strengthening the budgeting profession through a community of practice, establishing a clearinghouse for sharing best practices,assisting agencies in implementing appropriate automation, improvingtools for government-wide budget exercises and collaboration,consolidating procurements, and establishing standards for data, dataexchange, and modularity that facilitate flexible solutions, sharing, andre-usability. The LoB governance is based on a "value proposition" inwhich a voluntary consortium of agencies under the auspices of theBudget Officers Advisory Council contribute funding to the LoB in orderto gain the government-wide benefits the LoB will provide. If thefunding collected is insufficient and alternate resources are unavailable,the proposed solutions will be deferred or scaled back as determined bythe contributing agencies.

Did the Agency'sExecutive/Investment Committeeapprove this request?

Yes

a. If "yes," what was the date of this approval?

9/8/2006

Did the Project Manager reviewthis Exhibit?

Yes

Has the agency developed and/orpromoted cost effective, energyefficient and environmentallysustainable techniques orpractices for this project.

a. Will this investment includeelectronic assets (includingcomputers)?

Yes

b. Is this investment for new

construction or major retrofit of aFederal building or facility?(answer applicable to non-ITassets only)1. If "yes," is an ESPC or UESCbeing used to help fund thisinvestment?2. If "yes," will thisinvestment meet sustainabledesign principles?3. If "yes," is it designed to be30% more energy efficient thanrelevant code?

Does this investment support oneof the PMA initiatives?

Yes

If "yes," check all that apply:

Budget Performance Integration,Financial Performance,Expanded E-Government,Human Capital

a. Briefly describe how thisasset directly supports theidentified initiative(s)?

Improves budget performanceand integration and e-govinitiatives.

Does this investment support aprogram assessed using theProgram Assessment Rating Tool(PART)? (For more informationabout the PART, visitwww.whitehouse.gov/omb/part.)

a. If "yes," does this investmentaddress a weakness found duringthe PART review?b. If "yes," what is the name of the PART program assessed byOMB's Program AssessmentRating Tool?

c. If "yes," what PART rating didit receive?

Is this investment for informationtechnology?

Yes

If the answer to Question: "Is this investment for informationtechnology?" was "Yes," complete this sub-section. If the