OMB: Cost Management
The OMB is calling for federal agencies to do a better job of managing costs in the next budget year by reducing improper payments, tightening controls over federal credit cards, and managing real property. The OMB is pushing the agencies have greater access to reliable data stating “the ultimate goal is to have accurate and timely information, on demand, for decision-making and to manage costs.”

“Agencies are moving from being good financial reporters to good financial managers.”