- Bureau of the Fiscal Service
- FM QSMO
- Resources
- Marketplace Readiness Assessment

# FM QSMO Marketplace Readiness Assessment

Is your agency ready to use the FM QSMO Marketplace? The FM QSMO team would like to partner with your agency to understand your upcoming financial management needs and find solutions and services from our FM QSMO Marketplace Catalog to accomplish your goals.

## Why Take the Assessment?

The FM QSMO Marketplace Readiness Assessment is a self-service tool designed to help you internally evaluate your agency’s readiness for adopting a FM QSMO Marketplace Catalog solution or service. Once completed by your team, you can use the results to start a discussion with the FM QSMO team (sharing the results is optional). Your team may choose to use it for internal benchmarking, and may take the assessment at different points in time to track your readiness.

## Assessment Categories

## Results Breakdown

## Instructions

Select the response that best describes your level of agreement with the statement below. "Strongly Disagree" will equate to a score of 1 while "Strongly Agree" will equate to a score of 5. There will be three short modules to assess. At the end of each section, you will receive a subtotal Readiness Score with insights and recommended actions for next steps. At the end of the survey, you will receive a final score that will describe your agency’s readiness for adopting an offering from the FM QSMO Marketplace Catalog.

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This section will measure the level of familiarity and discourse your agency has with the FM QSMO. A higher level of engagement can benefit your agency and its readiness to adopt a FM QSMO Marketplace solution.

"Our agency has ..."

Please respond to all questions.

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. . . Awareness of the FM QSMO initiative, the approach to shared services outlined in OMB M-19-16, and OMB Circular A-123 Appendix D, which supports the continued adoption of Marketplace solutions.

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. . . An understanding of the types of financial management solutions and services available in the FM QSMO Marketplace Catalog.

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. . . Consulted with the FM QSMO to discuss upcoming financial management needs, share financial system modernization plans, or results of initial market research and analysis, such as through a Discovery/Planning Meeting.

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. . . Provided documentation (e.g., business case, draft requirements, draft acquisition materials) to the FM QSMO for consultation and review prior to our agency moving forward with a new financial management investment or acquisition.

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. . . Participated in FM QSMO interactive workshops or focus groups, or reviewed resources (e.g., Journey Map, Best Practices and Lessons Learned, FM QSMO Marketplace Catalog) that have been shared for agency feedback.

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. . . A current relationship with the FM QSMO where the FM QSMO is supporting us in our financial management modernization journey.

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Please respond to all questions.

FM QSMO Engagement Score: 0 of 30

- Please answer to receive information on your score
- Please answer to receive a recommendation

Once you finish click **Next** to continue

Next

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This section will measure the level of strategic alignment within your agency as related to financial management modernization plans. Greater engagement for strategic alignment and funding indicates that your agency may be more prepared to use solutions and services offered in the FM QSMO Marketplace Catalog

"We Have ..."

Please respond to all questions.

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. . . An understanding of how our financial management modernization effort supports the agency’s strategic goals and objectives.

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. . . Partnered with the OCIO to understand the agency’s cloud strategy and other technology impacts or requirements.

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. . . Estimated our resource needs (e.g., funds, staff, contractor support) and timeline for a financial management modernization and had initial discussions with our budget office.

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. . . Established a funding mechanism for a financial management modernization.

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. . . Inventoried the terms of our existing financial management service and support contracts (e.g., software development, implementation support, operations and maintenance for systems) to identify opportunities to use a solution or service from the FM QSMO Marketplace Catalog.

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. . . Worked with our procurement officials to prepare an acquisition strategy and notify them of our plan to use the FM QSMO Marketplace and the Task Order Review Board (TORB) ordering process, if applicable.

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Please respond to all questions.
Back

Strategic Alignment and Funding Score: 0 of 30

- Please answer to receive information on your score
- Please answer to receive a recommendation

Once you finish click **Next** to continue or **Back** to review previous sections

Next

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This section will measure the degree to which your agency has adopted the Financial Management Capability Framework (FMCF) standards and capabilities.

"Our agency’s financial management documentation (e.g., policies, procedures, systems, draft solicitation requirements)..."

Please respond to all questions.

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. . . Incorporate standard definitions for financial management functions and activities, consistent with the FFM Functions and Activities list.

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. . . Are consistent with the FFM Business Use Cases.

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. . . Comply with the FFM System Requirements.

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. . . Include the standard data elements and definitions as listed in the FFM Data Elements list.

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. . . Incorporate the capabilities identified in the FMCF for standard reports, business information exchanges and other common system needs.

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. . . Incorporate the FM Provider Service Measures, as applicable.

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Please respond to all questions.
Back

FM Policies and Procedures Score: 0 of 30

- Please answer to receive information on your score
- Please answer to receive a recommendation

Once you finish click **Next** to continue or **Back** to review previous sections

Next

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Thank you for completing the FM QSMO Marketplace Readiness Assessment. You may use the graphic below to interpret your score.

## Your Agency’s Total Score

The total score below indicates your agency’s level of readiness to use the FM QSMO Marketplace. The associated graph displays a breakdown of your scores for each of the three sections that make up your total score.

## 0

Not Prepared

Overall Score

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## Your Agency’s Score Details

-  Please answer to receive information on your score 

OMB M-19-16OMB Circular A-123 Appendix D

-  Please answer to receive information on your score 

-  Please answer to receive information on your score 

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## Evaluation

              - Your agency is currently  Not Prepared  to undergo major financial management modernization activities.
              - To continue to enhance the capabilities and maturity of your agency's financial management function, we recommend that you continue to work with the FM QSMO for guidance and assistance.
              - The FM QSMO has resources available including, but not limited to best practices, lessons learned, subject matter expertise, and various toolkits to guide your agency through the financial management maturity process.

Print your FM QSMO Marketplace Readiness Assessment results to PDF

Refresh the page to retake the assessment. Remember to print the page to save your results.

If you have feedback about the FM QSMO Readiness Assessment, share it with us at:

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FMQSMO@fiscal.treasury.gov

To view other resources available to you, please visit the FM QSMO Resource page