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Investment Details

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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)
  • This section displays the Chief Information Officer (CIO) Risk ratings for the investment. CIOs rate each investment using a set of pre-established criteria and issue a CIO Evaluation Number that reflects the investment’s ability to accomplish its goals within the current fiscal year. This number ranges from 1 - 5, and the higher it is, the better the investment has been rated to meet its goals.
    Download: Historic CIO Rating Source Data (CSV)
  • The Investment Details section views help answer questions about how an investment's financial resources are being utilized, and which funds are being assigned.
    Download: Investment Spending Details Source Data (XLSX)
  • The IT spending visualization below provides the selected IT investment's spending over 5 fiscal years. The IT Investment's spending is further broken down by Operations & Maintenance (O&M) and Development, Modernization, and Enhancement (DME). For each listed fiscal year you will see:
    • Requested amount - The IT $ amount the agency requested from Congress in the President's budget request for that fiscal year.
    • Enacted amount - The IT $ amount Congress actually funded through that fiscal year's appropriation.
    • Actual amount - The IT $ amount the agency actually spent that fiscal year based on what was appropriated by Congress.
    The availability of data for each fiscal year will depend on where in the federal budget process we currently are, and will continue to be updated as the annual appropriations process progresses.

    Download: Investment Spending Details Source Data (XLSX)
  • 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
    Download: Project Details Source Data (XLSX)
  • 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
    Download: Performance Metrics Source Data (XLSX)