Financial Management Information Systems Development

Financial Management Information Systems Development under the Research, Development, Test & Evaluation, Air Force budget activity, aims to develop upgrades to existing financial management systems within the Department of the Air Force. These upgrades are essential for compliance with auditability and transparency requirements and to enhance the efficiency of processing financial transactions. The program includes two specific initiatives: Program and Budget Enterprise Services (PBES) and Cost Estimating Modeling (CEM). PBES focuses on delivering budgeting and programming capability for the Department of the Air Force through software development efforts, while CEM strengthens cost estimators' ability to assess cost requirements accurately and improve acquisition program cost estimates.

PBES is a software development effort that replaces legacy systems supporting budget formulation and force programming processes. It aims to deliver planning, programming, budgeting, and execution capabilities for the United States Air Force. By utilizing Business Process Re-engineering (BPR), PBES addresses excessive overhead, outdated business practices, and time-consuming support activities. Additionally, it eliminates checks and balances required by older technology and allows for more timely and accurate budget submissions to internal and external customers. On the other hand, CEM focuses on continuously developing updated cost data, estimating methods, tools, data process re-engineering tools, data structure development tools, and gap filling initiatives to improve acquisition program cost estimates. These initiatives are planned based on various statutes, policy directives, annual life-cycle cost estimation requirements, acquisition reform acts, and Secretary of the Air Force acquisition excellence plans.

In summary, Program PE 0901538F aims to modernize financial management systems within the Department of the Air Force to ensure compliance with auditability requirements while enhancing efficiency in processing financial transactions. The specific initiatives under this program focus on delivering planning, programming, budgeting, and execution capabilities for the United States Air Force through software development efforts (PBES) and strengthening cost estimators' ability to assess cost requirements accurately (CEM).