FHWA0031: Fiscal Management Information System 5.0 (FMIS 5.0)
Investment ID: 021-488119819
Overview
Program Title
FHWA0031: Fiscal Management Information System 5.0 (FMIS 5.0)
Description
The FMIS application facilitates FHWA s delivery and oversight of the $40 billion per-year Federal Aid to States highway program. It is the primary financial information system for tracking federally funded highway projects.
Type of Program
Major IT Investments
Multi-Agency Category
Not Applicable
Investment Detail
ROI was calculated during planning of FMIS 5.0 modernization effort as 97.68%. ROI = Present value of cashflow/present value of total cost of ownership. Contributing factors included reduction of middleware costs from transitioning from Oracle to SQ, soft cost avoidances resulting from added reporting functionality compared to historical O&M costs, and estimated value of productivity increases from streamlined functions available in the modernized FMIS 5.0 versus the legacy separate systems of FMIS 4.0, RASPS, and DIMS.
Since Go-Live of the modernized FMIS 5.0 in October 2015, FMIS continues to address support and maintenance and implement enhancements to the system to meet new requirements and address feedback from FMIS stakeholders.
Since Go-Live of the modernized FMIS 5.0 in October 2015, FMIS continues to address support and maintenance and implement enhancements to the system to meet new requirements and address feedback from FMIS stakeholders.