Federal Integrated Business Framework - Financial Management Standards
The Federal Integrated Business Framework is a model that enables the Federal government to better coordinate and document common business needs across agencies and focus on outcomes, data, processes and performance. It is the essential first step towards standards that will drive economies of scale and leverage the government’s buying power.
Financial Management Standards Lead
Name: Treasury, Office of Financial Innovation and Transformation
Website: www.fiscal.treasury.gov/fsservices/gov/fit/fit_home.htm
Download Financial Management Business Standards Components
Federal Business Lifecycle - Financial Management
Federal Business Lifecycles, functional areas, functions, and activities serve as the basis for a common understanding of what services agencies need and solutions should offer.
Functions: Breakdown of a functional area into categories of services provided to customers.
Activities: Within a function, processes that provide identifiable outputs/outcomes to customers are defined as activities.
Select from the list of available functions to view associated activities
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Business Capabilities - Financial Management
Business Capabilities are the outcome-based business needs mapped to Federal government authoritative references, forms, and data standards.
| Capability ID | Function | Activity Name | (DI) Data Input/ (DO) Data Output/ (P) Process Distinction | Business Capability Statement | Authoritative Reference |
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Business Use Cases - Financial Management
A set of agency “stories” that document the key activities, inputs, outputs, and other LOB intersections to describe how the Federal government operates.
Federal Financial Management Business Use Cases Homepage
Standard Data Elements - Financial Management
Identify the minimum data fields required to support the inputs and outputs noted in the use cases and capabilities.
Federal Financial Management Standard Data Elements Homepage (Treasury FIT)
Performance Metrics - Financial Management
Define how the government measures successful delivery of outcomes based on timeliness, efficiency, and accuracy targets.
Business Standards Under Development.