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Table of Contents

  • Investment Summary Information
  • Investment Detail
  • Investment and Contracts
  • Historic CIO Rating
  • Investment Spending
  • Projects and Activities Detail
Section A: Investment Summary Information
Investment Name
(OCFO) Trust Fund Modernization
Unique Investment Identifier
027-000000191

Investment Description

Monthly, OPM disburses $7.5+ billion to over 2.7M annuitants and more than $5B to 300+ health insurance carriers. The OPM Federal Financial System (FFS) deployed in 1998, supports accounting and financial management activities associated with the $1.1 trillion in combined trust funds assets for the retirement, health benefits, and life programs. FFS software is currently unsupported, requires highly-specialized resources to maintain and is unable to adequately support many TF accounting business processes which compromises the agency's ability to easily comply with changing laws and regulations. Trust Funds Modernization (TFM) was created to provide transformative service delivery, system stability, enhanced security, and sustainability through trust funds financial management automation, manual work effort reduction, and more timely financial management activity completion that will eliminate human errors and decreases overall operation and maintenance costs.
Agency Office of Personnel Management
Point of Contact Adam Starr - CIO
Investment Type Major IT Investments
Bureau Office of Personnel Management
Mission Support Not Applicable
Shared Service Category E-Gov/LoB initiatives
Shared Service Identifier 1100
TMF Initiatives
  • Not Applicable
FY 2025 IT Spending $ M
Current CIO Rating 5
Data As Of: 04/01/2025

Total Projects

7

Cost Variance

  • 7Low
  • 0Medium
  • 0High

Schedule Variance

  • 6Low
  • 1Medium
  • 0High

Cost Variance

  • Low: Projects that have <10% Cost Variance
  • Medium: Projects that have ≥10% and <30% Cost Variance
  • High: Projects that have ≥30% Cost Variance
Cost Variance: ((Planned Total Costs - Projected or Actual Total Costs) / Planned Total Cost) x 100

Schedule Variance

  • Low: Projects that have <10% Schedule Variance
  • Medium: Projects that have ≥10% and <30% Schedule Variance
  • High: Projects that have ≥30% Schedule Variance
Schedule Variance: ((Planned Completion Date - Projected or Actual Completion Date) / Project Duration) x 100
Download: Project and Variance Source Data (CSV)
Date Investment First Submitted
09/24/2021
Date of Last Investment Detail Update
04/01/2025
Section B: Investment Detail
  1. Briefly describe the investment's return on investment, including benefits internal and external to the government and outcomes achieved or planned.
Section C: Investment and Contracts

Public URLs

Contracts

Section D: Historic CIO Rating
Data Last Updated On: 10/05/2021
Section E: Investment Spending

Table 1: Distribution by Spending Type

Spending Type PY 2024 CY 2025 BY 2026
DME Costs 4.634 0 0
O&M Costs 0 0 0
Total 4.634 0 0

Table 2: Distribution by Cost Pools

Cost Pools PY 2024 CY 2025 BY 2026
External Labor 0 0 0
Facilities & Power 0 0 0
Hardware 0 0 0
Internal Labor 0.366 0 0
Internal Services 0 0 0
Other 0 0 0
Outside Services 4.268 0 0
Software 0 0 0
Telecom 0 0 0
Total 4.634 0 0
Cost PoolsCost in millions (M)

Table 3: Distribution by IT Towers

IT Tower PY 2024 CY 2025 BY 2026
Application 0 0 0
Compute 0 0 0
Data 0 0 0
Data Center 0 0 0
Delivery 4.634 0 0
End User 0 0 0
IT Management 0 0 0
Network 0 0 0
Output 0 0 0
Platform 0 0 0
Security & Compliance 0 0 0
Storage 0 0 0
Total 4.634 0 0
IT TowersCost in millions (M)
Data Last Updated On: 04/01/2025
Section F: Project Detail

Table 1: Project Details

Project Name Project UID Status Planned Total Cost ($M) Cost Variance (%) Planned Start Date Planned End Date Schedule Variance (%) Schedule Variance (Days) TMF Initiative
PPAI - OLBP Implementation TFM-2 Completed 1.41 0 2018-01-30 2021-03-01 0 0 Not Applicable
TFM FFS-Replacement Project Release 2 TFM-4 Completed 9.66 -4.8 2023-01-03 2024-12-30 0 0 Not Applicable
TFM FFS-Replacement Project Release 1 TFM-3 Completed 39 5.6 2020-10-01 2022-12-30 11 90 Not Applicable
TFM FFS-Replacement Project Engagement Phase TFM-2 Completed 3.92 0 2019-08-01 2020-09-20 -1.9 -8 Not Applicable
TFM FFS-R Plan Phase Project TFM-1 Completed 9.35 0 2017-06-07 2018-09-20 -1.5 -7 Not Applicable
TFM - Headcount Automation TFM-6 Completed 0.29 0 2018-10-01 2020-04-30 0.52 3 Not Applicable
TFM FFS-R Engagement Phase TFM-5 Completed 3.92 0 2019-04-01 2020-09-28 -0.37 -2 Not Applicable
LowMediumHigh

Table 2: Project Related Details

PPAI - OLBP Implementation
  1. Are information technology investments adequately implementing incremental development methodology? (Y/N)
    Yes
  2. What is the frequency of incremental development iterations? (ex. 1 month, 3 months, 6 months, 12 months or greater)
    Months
  3. Please describe the iterative development methodology being employed. (500 characters or less)
    The implementation was divided into 3 deployment iterations which covered 2-3 payment types and as the development activities associated with the requisite legacy systems. Within the iterations, agile methods were used by the development team.
TFM FFS-Replacement Project Release 2
  1. Are information technology investments adequately implementing incremental development methodology? (Y/N)
    Yes
  2. What is the frequency of incremental development iterations? (ex. 1 month, 3 months, 6 months, 12 months or greater)
    Months
  3. Please describe the iterative development methodology being employed. (500 characters or less)
    Scaled-Agile
TFM FFS-Replacement Project Release 1
  1. Are information technology investments adequately implementing incremental development methodology? (Y/N)
    Yes
  2. What is the frequency of incremental development iterations? (ex. 1 month, 3 months, 6 months, 12 months or greater)
    Months
  3. Please describe the iterative development methodology being employed. (500 characters or less)
    Scaled agile approach to design and develop key functionalities in three increments that lead into incremental testing.
TFM FFS-Replacement Project Engagement Phase
  1. Are information technology investments adequately implementing incremental development methodology? (Y/N)
  2. What is the frequency of incremental development iterations? (ex. 1 month, 3 months, 6 months, 12 months or greater)
  3. Please describe the iterative development methodology being employed. (500 characters or less)
TFM FFS-R Plan Phase Project
  1. Are information technology investments adequately implementing incremental development methodology? (Y/N)
  2. What is the frequency of incremental development iterations? (ex. 1 month, 3 months, 6 months, 12 months or greater)
  3. Please describe the iterative development methodology being employed. (500 characters or less)
TFM - Headcount Automation
  1. Are information technology investments adequately implementing incremental development methodology? (Y/N)
    Yes
  2. What is the frequency of incremental development iterations? (ex. 1 month, 3 months, 6 months, 12 months or greater)
    Months
  3. Please describe the iterative development methodology being employed. (500 characters or less)
    AGILE
TFM FFS-R Engagement Phase
  1. Are information technology investments adequately implementing incremental development methodology? (Y/N)
    Yes
  2. What is the frequency of incremental development iterations? (ex. 1 month, 3 months, 6 months, 12 months or greater)
    Months
  3. Please describe the iterative development methodology being employed. (500 characters or less)
    AGILE
Section G: Performance Metrics
Metric Description Performance Measurement Category Unit of Measure Reporting Frequency Agency Baseline Capability Measurement Condition Target 2025 CY Latest Actual Result Date of Latest Actual Result Met Target
Solution availability as a percentage of planned availability. Strategic and Business Results Percent Monthly 0 Over target 99 99.8 2023-09-01 MET
Decrease the time required to perform annual close activities for Trust Funds operations. Strategic and Business Results Number of Business Days Annual 10 Under target 5 1 2022-12-17 MET
Decreased month-end close process from 7 business days to provide efficiencies to the Trust Fund management team. Strategic and Business Results Number of Business Days Semi-Annual 7 Under target 5 5 2024-09-30 MET
Improve employee productivity and Oracle/support-related personnel cost savings. Financial Performance Percent Semi-Annual 0 Over target 10 2023-04-27 MET
Measures the adoption rate of customers using the online bill pay functionality. Customer Satisfaction Percent Semi-Annual 0 Over target 5 5 2024-12-30 MET