Performance Budgeting Project Overview

On July 24, 2009, the Commonwealth of Virginia entered into a contract with Project Performance Corporation (PPC) to implement a new Performance Budgeting system for the Commonwealth. The goal of this project is to replace the variety of systems, databases, spreadsheets, and documents that currently support strategic planning and budgeting in the Commonwealth. The new fully integrated, web- based system will streamline existing COVA strategic planning and budgeting functionality and provide modernized features. The project is divided into two phases with the following development timelines:

Phase I (Aug 2009 - Aug 2010)
Operating Budget Development - PRO- BUD and WebBEARS will be replaced and the new system integrated with other system components.

Budget Execution - FATS will be replaced and the new system integrated with the Commonwealth's financial system.

Capital Budget Development - The current six-year capital budgeting system and processes will be replaced by the new system.

Phase II (Aug 2010 - Mar 2011)
Agency Spending Plans - The new system will provide the capability for two pilot agencies to develop their budget and spending plan at an agency-specific detailed level that can be rolled up to comply with DPB's submission requirements. Additional agencies can be brought on board over time.

Strategic Planning - The new system will be used for strategic planning and to track performance and administrative measures. It will also provide the necessary integration between strategic planning and budgeting.

Data from current systems will be converted as appropriate. Additionally, PPC will be providing support for the new Performance Budgeting system until January 2012.