Milestones and Timelines

Document Sample
Milestones and Timelines Powered By Docstoc

Office of the Controller
OMBA-123 Implementation
Timelines of FY 2007 activities (Proposed)
                                           Milestones                                                                                                               Due date
Internal Control training                                                                                                                                     10/1/2006 through 12/15/2006
Revised Site AART toolkit                                                                                                                                     Mid December
Review of Site AART submission                                                                                                                                12/15/2006 through 2/15/2007
    Review and revise (if applicable) the risk ranking                                                                                                        12/15/2006 through 1/15/2007 *+
    Review and revise (if applicable) the controls (control objectives)                                                                                       12/15/2006 through 1/15/2007**
    Financial Statement Assertion linkage (PERCV)                                                                                                             1/15/2007 through 2/15/2007
OMBA-123 Webpage development                                                                                                                                  11/1/2006 through 12/31/2006
1st Quarterly reporting                                                                                                                                       1/5/2007 (tentative)
Realignment of FY 2006 data for new AART features                                                                                                             2/15/2007 through 5/15/2007
    Financial Statement Assertion linkage (PERCV)                                                                                                             2/15/2007 through 5/15/2007
    Design effectiveness ratings                                                                                                                              2/15/2007 through 3/31/2007
    Control Mode                                                                                                                                              4/1/2007 through 5/15/2007
Testing                                                                                                                                                       2/15/2007 through 7/31/2007++
Realignment of FY 2006 data for new Test Ratings                                                                                                              2/15/2007 through 7/31/2007++
2nd Quarterly reporting                                                                                                                                       4/6/2007 (tentative)
Remediation of controls                                                                                                                                       2/15/2007 through 6/15/2007
    Finalize sub-categories and processes already in remediation (testing priority: REM)                                                                      2/15/2007 through 3/15/2007
    Develop corrective action plans and approval (control design effectiveness rated below 6)                                                                 2/15/2007 through 3/15/2007
    Implement corrective action plans and sign off (control design effectiveness rated below 6)                                                               3/15/2007 through 6/15/2007
    Testing of controls remediated                                                                                                                            6/15/2007 through 7/31/2007*
    Remediation of controls failing testing                                                                                                                   6/15/2007 through 8/1/2007
3rd Quarterly reporting                                                                                                                                       7/6/2007 (tentative)
Preliminary assurances reporting                                                                                                                              8/10/2007 (tentative)
Final assurance reporting                                                                                                                                     8/27/2007 (tentative)
Periodic assessment team meeting                                                                                                                              Ongoing
Quarterly Steering Committee meeting                                                                                                                          Ongoing
Periodic status report to CFO                                                                                                                                 Ongoing

* Final due date (7/31/2007) for FY2007 testing per "FY 2007 Annual Guidance" dated 10/25/2006
** Note that the rating definitions for control design effectiveness for process controls will be changed in 2007 per "FY 2007 Annual Guidance" dated 10/25/2006
*+ Additional risk assessment guidance will be issued in November 2007 per "FY 2007 Annual Guidance" dated 10/25/2006
(tentative) All dates based on the "FY 2007 Annual Guidance" dated 10/25/2006, subject to change by DOE Chicago Office
++ IAS has requested that Testing begin as soon as the assessment/review of controls for each area is complete

C:\Docstoc\Working\pdf\[e77abd24-0b1b-46e8-8eaf-62e1446bbb25.xls]2007 OMBA-123 Proposed Timeline