Common Origination and Disbursement (COD)

Exhibit 300: Part I: Summary Information and Justification (All

Capital Assets)

Overview

Date of Submission:
Agency: Department of Education
Bureau: Federal Student Aid
Name of this Capital Asset: Common Origination and
Disbursement (COD)
Unique Project (Investment) 018-45-01-06-01-1020-00
Identifier: (For IT investment
only, see section 53. For all other,
use agency ID system.)
What kind of investment will this Operations and Maintenance
be in FY2008? (Please NOTE:
Investments moving to O&M ONLY
in FY2008, with
Planning/Acquisition activities
prior to FY2008 should not select
O&M. These investments should
indicate their current status.)
What was the first budget year FY2001 or earlier
this investment was submitted to
OMB?
Provide a brief summary and justification for this investment,
including a brief description of how this closes in part or in
whole an identified agency performance gap:
The current COD system contract is scheduled to end, September 30,
2006. However, FSA awarded a a sole source Firm-Fixed Price contract,
which contains a contingency year, for COD on February 22, 2006 in
order to continue to originate and disburse federal financial aid (Pell
grants and Direct Loans) to students as the future of the newly
acquired system known as ADvance, formerly known as Front End
Business Integration (FEBI), is determined. COD's current and future
operations and ADvance's development effort includes funding for
coordinating all data migration/transition activities from COD to
ADvance (noted within as ADvance support.) Should Advance not be
ready to take over the origination and disbursement processs as
scheduled, COD's new contract will exercise its contingent year option.
Did the Agency's Yes
Executive/Investment Committee
approve this request?
a. If "yes," what was the date of
this approval?
Did the Project Manager review Yes
this Exhibit?
Has the agency developed and/or No
promoted cost effective, energy
efficient and environmentally
sustainable techniques or
practices for this project.
a. Will this investment include No
electronic assets (including
computers)?
b. Is this investment for new No
construction or major retrofit of a
Federal building or facility?
(answer applicable to non-IT
assets only)
1. If "yes," is an ESPC or UESC No
being used to help fund this
investment?
2. If "yes," will this No
investment meet sustainable
design principles?
3. If "yes," is it designed to be
30% more energy efficient than
relevant code?
Does this investment support one Yes
of the PMA initiatives?
If "yes," check all that apply: Financial Performance
a. Briefly describe how this COD supports the Financial
asset directly supports the Management System by the use
identified initiative(s)? of financial information to
measure, operate and predict
the effectiveness and efficiency
of COD activities in delivering
Direct Loans and Pell Grants to
its' customers. COD has in place
policies, standards, and a
 system of controls that reliably
capture and report activity in a
consistent manner. COD's
system of controls include areas
such as accounting, funds
control, payments collections
and receiveables, and others.
Does this investment support a No
program assessed using the
Program Assessment Rating Tool
(PART)? (For more information
about the PART, visit
www.whitehouse.gov/omb/part.)
a. If "yes," does this investment No
address a weakness found during
the PART review?
b. If "yes," what is the name of
the PART program assessed by
OMB's Program Assessment
Rating Tool?
c. If "yes," what PART rating did
it receive?
Is this investment for information Yes
technology?
If the answer to Question: "Is this investment for information
technology?" was "Yes," complete this sub-section. If the
answer is "No," do not answer this sub-section.
For information technology investments only:
What is the level of the IT Level 2
Project? (per CIO Council PM
Guidance)
What project management (2) Project manager
qualifications does the Project qualification is under review for
Manager have? (per CIO Council this investment
PM Guidance):
Is this investment identified as No
"high risk" on the Q4 - FY 2006
agency high risk report (per
OMB's "high risk" memo)?
Is this a financial management No
system?
 a. If "yes," does this investment No
address a FFMIA compliance area?
1. If "yes," which compliance
area:
2. If "no," what does it
address?
b. If "yes," please identify the system name(s) and system
acronym(s) as reported in the most recent financial systems
inventory update required by Circular A-11 section 52

What is the percentage breakout for the total FY2008 funding

request for the following? (This should total 100%)
Hardware 8.000000
Software 1.000000
Services 91.000000
Other
If this project produces N/A
information dissemination
products for the public, are these
products published to the Internet
in conformance with OMB
Memorandum 05-04 and included
in your agency inventory,
schedules and priorities?
Are the records produced by this Yes
investment appropriately
scheduled with the National
Archives and Records
Administration's approval?

Summary of Funding

Provide the total estimated life-cycle cost for this investment by

completing the following table. All amounts represent budget
authority in millions, and are rounded to three decimal places.
Federal personnel costs should be included only in the row
designated "Government FTE Cost," and should be excluded
from the amounts shown for "Planning," "Full Acquisition," and
"Operation/Maintenance." The total estimated annual cost of
the investment is the sum of costs for "Planning," "Full
 Acquisition," and "Operation/Maintenance." For Federal
buildings and facilities, life-cycle costs should include long term
energy, environmental, decommissioning, and/or restoration
costs. The costs associated with the entire life-cycle of the
investment should be included in this report.
Table 1: SUMMARY OF SPENDING FOR PROJECT PHASES
(REPORTED IN MILLIONS)
(Estimates for BY+1 and beyond are for planning purposes
only and do not represent budget decisions)
PY - 1 BY + BY + BY + BY + 4
PY CY BY
and 1 2 3 and Total
2006 2007 2008
Earlier 2009 2010 2011 Beyond
Planning
Budgetary 0 0 0 0
Resources
Acquisition
Budgetary 40.9 5.822 0 0
Resources
Subtotal Planning & Acquisition
Budgetary 40.9 5.822 0 0
Resources
Operations & Maintenance
Budgetary 16.585 17.893 8.276 5.864
Resources
TOTAL
Budgetary 57.485 23.715 8.276 5.864
Resources
Government FTE Costs
Budgetary 7.137 2.204 2.31 2.394
Resources
Number of 66.71 19.74 20.13 19.91
FTE
represented
by Costs:
Note: For the cross-agency investments, this table should
include all funding (both managing partner and partner
agencies). Government FTE Costs should not be included as part
of the TOTAL represented.

Will this project require the No

 agency to hire additional FTE's?
a. If "yes," How many and in
what year?
If the summary of spending has changed from the FY2007
President's budget request, briefly explain those changes:
COD was being replaced by the ADvance contract. Because the
ADvance contract is no longer active, COD must remain operational
until a replacement system is developed and implemented.

Performance Information

In order to successfully address this area of the exhibit 300,

performance goals must be provided for the agency and be
linked to the annual performance plan. The investment must
discuss the agency's mission and strategic goals, and
performance measures must be provided. These goals need to
map to the gap in the agency's strategic goals and objectives
this investment is designed to fill. They are the internal and
external performance benefits this investment is expected to
deliver to the agency (e.g., improve efficiency by 60 percent,
increase citizen participation by 300 percent a year to achieve
an overall citizen participation rate of 75 percent by FY 2xxx,
etc.). The goals must be clearly measurable investment
outcomes, and if applicable, investment outputs. They do not
include the completion date of the module, milestones, or
investment, or general goals, such as, significant, better,
improved that do not have a quantitative or qualitative
measure.
Agencies must use Table 1 below for reporting performance
goals and measures for all non-IT investments and for existing
IT investments that were initiated prior to FY 2005. The table
can be extended to include measures for years beyond FY 2006.

Performance Information Table 1:

Fiscal Strategic Goal(s) Performance Actual/baseline Planned Performance
Year Supported Measure (from Previous Performance Metric Results
Year) Metric (Target) (Actual)
003 Goal 6: Establish 45% of promissory 25% of promissory # of promissory 496,686
Management notesinitiated viae- notes initiatedvia notesinitiated viae- promissory
Excellence,Objective MPN process e-MPNprocess MPN process notesinitiated
6.3,Manage IT viae-MPN process
 resources usinge- vs. 684,669 pape
gov toimprove promissory notes
services to
ourcustomers
andpartners
003 Objective 90% of 80% of Amount of $26.19B drawn
6.1,Develop fundsdrawn fundsdrawn fundsdrawn down
andmaintain downsubstantiated downsubstantiated downsubstantiated substantiated
financialintegrity on time by receipt by receipt within 30 days.
andmanagement ofrecords on time ofrecords within30 Total amount of
ofinternal controls days aid disbursed via
COD in award
years 2002-2003
and 2003-2004
was
$47,524,718,496
004 Goal 6: Establish 50% of promissory 25% of promissory # of promissory 281,107
Management notesinitiated viae- notes initiatedvia notes initiated via promissory notes
Excellence,Objective MPN process e-MPNprocess e-MPN process initiated via e-
6.3,Manage IT MPN process vs.
resources using e- 207,547 paper
gov to improve promissory notes
service to our
customers and
partners
004 Objective 6.1, 94% of 80% of Amount of funds $349,760,732B
Develop and fundsdrawn fundsdrawn drawn down drawn down
maintain financial downsubstantiated downsubstantiated substantiated by substantiated
integrity and on time by receipt receipt of records within 30 days.
management of ofrecords on time within 30 days Total amount of
internal controls aid disbursed via
COD in award
years 2002-2003
and 2003-2004
was
$47,524,718,496
005 Goal 6: Establish 55% of promissory 25% of promissory # of promissory
Management notesinitiated viae- notes initiatedvia notes initiated via
Excellence,Objective MPN process e-MPNprocess e-MPN process
6.3,Manage IT
resources using e-
gov to improve
service to our
 customers and
partners
005 Objective 6.1, 96% of 80% of Amount of funds N/A
Develop and fundsdrawn fundsdrawn drawn down
maintain financial downsubstantiated downsubstantiated substantiated by
integrity and on time by receipt receipt of records
management of ofrecords on time within 30 days
internal controls
006 Goal 6: Establish 60% of promissory 25% of promissory # of promissory N/A
Management notesinitiated viae- notes initiatedvia notes initiated via
Excellence,Objective MPN process e-MPNprocess e-MPN process
6.3,Manage IT
resources usinge-
gov toimprove
services to
ourcustomers
andpartners
006 Objective 98% of 80% of Amount of funds N/A
6.1,Develop fundsdrawn fundsdrawn drawn down
andmaintain downsubstantiated downsubstantiated substantiated by
financialintegrity on time by receipt receipt of records
andmanagement ofrecords on time within 30 days.
ofinternal controls

All new IT investments initiated for FY 2005 and beyond must

use Table 2 and are required to use the Federal Enterprise
Architecture (FEA) Performance Reference Model (PRM). Please
use Table 2 and the PRM to identify the performance
information pertaining to this major IT investment. Map all
Measurement Indicators to the corresponding "Measurement
Area" and "Measurement Grouping" identified in the PRM. There
should be at least one Measurement Indicator for at least four
different Measurement Areas (for each fiscal year). The PRM is
available at www.egov.gov.
Performance Information Table 2:
iscal Measurement Measurement Measurement Measurement Baseline Planned Actual
Year Area Category Grouping Indicator Improvement Results
to the
Baseline
004 Customer Customer Customer Customer 66 68 72
Results Benefit Satisfaction Satisfaction:
ACSI score
 representing
customers
satisfaction
with COD on
FSA's
Customer
Satisfaction
survey
004 Mission and Education Higher Higher 80% 96% 99%
Business Education Education:
Results Percentage of
funds drawn
down for DL
and Pell Grant
programs
substantiated
by receipt of
records within
30 day
requirement
004 Processes and Financial Financial Financial 75% 88% 75%
Activities (Processes and Management Management:
Activities) Percentage of
schools
substantiating
draw downs
with records
within 30 day
requirements
004 Technology Reliability and Availability Availability: 99.7% 99.7% 97.3%
Availability Percentage of
COD web
availability
excluding
scheduled
outages
005 Customer Customer Customer Customer 66 72 76
Results Benefit Satisfaction Satisfaction:
ACSI score
representing
customers
satisfaction
with COD on
 FSA's
Customer
Satisfaction
survey
005 Mission and Education Higher Higher 80% 96% 97%
Business Education Education:
Results Percentage of
funds drawn
down for DL
and Pell Grant
programs
substantiated
by receipt of
records within
30 day
requirement
005 Processes and Financial Financial Financial 75% 88% 97%
Activities (Processes and Management Management:
Activities) Percentage of
schools
substantiating
draw downs
with records
within 30 day
requirements
005 Technology Reliability and Availability Availability: 99.7% 99.7% 100%
Availability Percentage of
COD web
availability
excluding
scheduled
outages
006 Customer Customer Customer Customer 66 76 77
Results Benefit Satisfaction Satisfaction:
ACSI score
representing
customers
satisfaction
with COD on
FSA's
Customer
Satisfaction
survey
006 Mission and Education Higher Higher 80% 96% 97%
Business Education Education:
Results Percentage of
funds drawn
down for DL
and Pell Grant
programs
substantiated
by receipt of
records within
30 day
requirement
006 Processes and Financial Financial Financial 75% 88% 91%
Activities (Processes and Management Management:
Activities) Percentage of
schools
substantiating
draw downs
with records
within 30 day
requirements
006 Technology Reliability and Availability Availability: 99.7% 99.7% 99.9%
Availability Percentage of
COD web
availability
excluding
scheduled
outages
007 Customer Customer Customer Customer 77 76
Results Benefit Satisfaction Satisfaction:
ACSI score
representing
customers
satisfaction
with COD on
FSA's
Customer
Satisfaction
survey
007 Mission and Education Higher Higher 80% 96%
Business Education Education:
Results Percentage of
funds drawn
 down for DL
and Pell Grant
programs
substantiated
by receipt of
records within
30 day
requirement
007 Processes and Financial Financial Financial 75% 88%
Activities (Processes and Management Management:
Activities) Percentage of
schools
substantiating
draw downs
with records
within 30 day
requirements
007 Technology Reliability and Availability Availability: 99.7% 99.7%
Availability Percentage of
COD web
availability
excluding
scheduled
outages
008 Customer Customer Customer Customer 76 76
Results Benefit Satisfaction Satisfaction:
ACSI score
representing
customers
satisfaction
with COD on
FSA's
Customer
Satisfaction
survey
008 Mission and Education Higher Higher 80% 96%
Business Education Education:
Results Percentage of
funds drawn
down for DL
and Pell Grant
programs
substantiated
 by receipt of
records within
30 day
requirement
008 Processes and Financial Financial Financial 75% 88%
Activities (Processes and Management Management:
Activities) Percentage of
schools
substantiating
draw downs
with records
within 30 day
requirements
008 Technology Reliability and Availability Availability: 99.7% 99.7%
Availability Percentage of
COD web
availability
excluding
scheduled
outages
009 Customer Customer Customer Customer 76 76
Results Benefit Satisfaction Satisfaction:
ACSI score
representing
customers
satisfaction
with COD on
FSA's
Customer
Satisfaction
survey
009 Mission and Education Higher Higher 80% 96%
Business Education Education:
Results Percentage of
funds drawn
down for DL
and Pell Grant
programs
substantiated
by receipt of
records within
30 day
requirement
009 Processes and Financial Financial Financial 75% 88%
Activities (Processes and Management Management:
Activities) Percentage of
schools
substantiating
draw downs
with records
within 30 day
requirements
009 Technology Reliability and Availability Availability: 99.7% 99.7%
Availability Percentage of
COD web
availability
excluding
scheduled
outages

Enterprise Architecture (EA)

In order to successfully address this area of the business case

and capital asset plan you must ensure the investment is
included in the agency's EA and Capital Planning and
Investment Control (CPIC) process, and is mapped to and
supports the FEA. You must also ensure the business case
demonstrates the relationship between the investment and the
business, performance, data, services, application, and
technology layers of the agency's EA.
1. Is this investment included in your agency's No
target enterprise architecture?
a. If "no," please explain why?
The COD investment is expected to be subsumed by the ADvance
investment which implements the components of the target EA, that
replaces COD.
2. Is this investment included in the agency's EA Yes
Transition Strategy?
a. If "yes," provide the investment name as Origination
identified in the Transition Strategy provided in and
the agency's most recent annual EA Assessment. Disbursement
(COD),
Common
 Origination
and
Disbursement
(COD)
b. If "no," please explain why?

3. Service Reference Model (SRM) Table:

Identify the service components funded by this

major IT investment (e.g., knowledge
management, content management, customer
relationship management, etc.). Provide this
information in the format of the following table.
For detailed guidance regarding components,
please refer to
http://www.whitehouse.gov/omb/egov/.
y Agency Service FEA SRM FEA SRM FEA Service FEA Service Internal BY
ent Component Domain Service Component Component Component or Per
Description Type Reused Reused UPI External
Name Reuse?
Provide data
management
capabilities to
Back Office Data Data
support COD DL No Reuse 30
Services Management Classification
nt and Pell Grant
business
functions.
Provide data
management
capabilities to
support the
Back Office Data Extraction and
extraction and No Reuse 30
Services Management Transformation
nt transformation
for the COD
business
function.
Provide Business Reporting Ad Hoc No Reuse 5
reporting Analytical
capabilities to Services
support the
COD Ad-Hoc
 reports
functions.
Provide
reporting
capabilities to
support COD Business
Standardized /
business Analytical Reporting No Reuse 5
Canned
functions on Services
standardized
and canned
reports.
Defines the set
of capabilities
that support the
retention and
delivery of the
Customer Customer /
Direct Loan and Customer
Relationship Account No Reuse 5
hip Pell Grant Services
Management Management
ent services for
institutions and
borrowers for
these
programs.
Provide
document
management
capabilities to
support the Digital Document
Document
document Asset Imaging and No Reuse 5
Management
ent imaging and Services OCR
OCR functions
for the COD
Business
operations.
Provide
document
management
capabilities to Digital
Document
the library or Asset Indexing No Reuse 2
Management
ent storage in Services
support of the
COD business
functions.
 Provide
document
management
capabilities to
Digital
support the Document Library /
Asset No Reuse 1
indexing of DL's Management Storage
ent Services
and Pell Grants
for the COD
business
functions.
Provide
knowledge
management
capabilities to Digital
Knowledge
e support the Asset Categorization No Reuse 2
Management
ent categorization Services
of data for the
COD business
functions.
Provide data
management
capabilities to
Digital
support COD Knowledge Information
e Asset No Reuse 3
information Management Retrieval
ent Services
retrieval
business
functions.
Provide data
management
capabilities to
Digital
support COD Knowledge Information
e Asset No Reuse 2
Information Management Sharing
ent Services
Sharing
business
functions.
Provide records
management
capabilities to
Digital
support COD Records Document
Asset No Reuse 2
Document Management Retirement
ent Services
Retirement
business
functions.
 Provide records
management
capabilities to
Digital
support COD Records Record Linking /
Asset No Reuse 1
record linking Management Association
ent Services
and association
business
functions.
Provide routing
and scheduling
capabilities to
support COD Process Inbound
Routing and
nd inbound Automation Correspondence No Reuse 1
Scheduling
g correspondence Services Management
management
business
functions.
Provide routing
and scheduling
capabilities to
support COD Process Outbound
Routing and
nd outbound Automation Correspondence No Reuse 2
Scheduling
g correspondence Services Management
management
business
functions.
Provide
verification
capabilities to
support the Support Security
Access Control No Reuse 1
COD security Services Management
ent
management
business
functions.
Provide security
role/privilege
management
capabilities to Support Security
Access Control No Reuse 1
support COD Services Management
ent
role/privilege
business
functions.
Provide Support Security Access Control No Reuse 1
 verification
capabilities to
support the
COD security Services Management
ent
management
business
functions.
Provide security
management
audit trail
Audit Trail Audit Trail
capture and Support Security
Capture and Capture and No Reuse 1
analysis Services Management
ent Analysis Analysis
support for the
COD business
functions.

Use existing SRM Components or identify as "NEW". A "NEW"

component is one not already identified as a service component
in the FEA SRM.
A reused component is one being funded by another
investment, but being used by this investment. Rather than
answer yes or no, identify the reused service component funded
by the other investment and identify the other investment using
the Unique Project Identifier (UPI) code from the OMB Ex 300
or Ex 53 submission.
'Internal' reuse is within an agency. For example, one agency
within a department is reusing a service component provided by
another agency within the same department. 'External' reuse is
one agency within a department reusing a service component
provided by another agency in another department. A good
example of this is an E-Gov initiative service being reused by
multiple organizations across the federal government.
Please provide the percentage of the BY requested funding
amount used for each service component listed in the table. If
external, provide the funding level transferred to another
agency to pay for the service.

4. Technical Reference Model (TRM) Table:

To demonstrate how this major IT investment aligns with the

FEA Technical Reference Model (TRM), please list the Service
Areas, Categories, Standards, and Service Specifications
 supporting this IT investment.
FEA SRM FEA TRM FEA TRM FEA TRM Service
Component Service Area Service Service Specification
Category Standard (i.e. vendor or
product name)
Cognos
Incorporated,
Cognos
Reporting
Standardized Component Data Application
and
/ Canned Framework Management Version 7.3 and
Analysis
PowerPlay
Enterprise
V7.1.341
Customer / Service Enterprise MetaStorm, Data
Account Interface and Integration Application Integrator V
Management Integration Integration 4.0.5.0
Customer / Service
Database / IBM Corporation,
Account Platform and Database
Storage DB2 v6.1
Management Infrastructure
Customer / Service
Database / IBM Corporation,
Account Platform and Database
Storage IMS v6.1
Management Infrastructure
Customer / Service Oracle
Database /
Account Platform and Database Corporation,
Storage
Management Infrastructure Oracle 8i HA
Customer / Service Sun Microsystems
Database /
Account Platform and Database Incorporated,
Storage
Management Infrastructure Solaris 8
BEA Systems
Incorporated,
Customer / Service
Delivery Application Weblogic
Account Platform and
Servers Servers Application
Management Infrastructure
Server Version
8.1
Hewlett-Packard
Customer / Service
Delivery Application Company,
Account Platform and
Servers Servers Compaq Quad
Management Infrastructure
PX550
Customer / Service
Delivery Application IBM Corporation,
Account Platform and
Servers Servers RS 9672 R56
Management Infrastructure
Customer / Service Sun Microsystems
Delivery Application
Account Platform and Incorporated,
Servers Servers
Management Infrastructure E420
Hewlett-Packard
Customer / Service
Delivery Web Company,
Account Platform and
Servers Servers Compaq Dual P
Management Infrastructure
III 667
Netscape
Customer / Service Communications
Delivery Web
Account Platform and Corporation,
Servers Servers
Management Infrastructure Netscape Browser
Ver. 5.1
Customer / Service Sun Microsystems
Delivery Web
Account Platform and Incorporated,
Servers Servers
Management Infrastructure Netra T1
Sun Microsystems
Customer / Service
Delivery Web Incorporated,
Account Platform and
Servers Servers Solaris 8 iPlanet
Management Infrastructure
Enterprise Server
Customer / Service
Hardware / Servers / IBM Corporation,
Account Platform and
Infrastructure Computers G6 Processor
Management Infrastructure
Customer / Service Sun Microsystems
Hardware / Servers /
Account Platform and Incorporated,
Infrastructure Computers
Management Infrastructure E420
Customer / Service
Support Platform IBM Corporation,
Account Platform and
Platforms Dependent MQ Series v5.3.1
Management Infrastructure
Customer / Service
Support Platform IBM Corporation,
Account Platform and
Platforms Dependent z/OS 1.4
Management Infrastructure
Customer / Service Microsoft
Support Platform
Account Platform and Corporation,
Platforms Dependent
Management Infrastructure Windows NT 4.0
Customer / Service
Support Platform Sun Microsystems
Account Platform and
Platforms Dependent Inc. Veritas v5.1
Management Infrastructure
Service Components identified in the previous question should
be entered in this column. Please enter multiple rows for FEA
SRM Components supported by multiple TRM Service
Specifications
In the Service Specification field, Agencies should provide
information on the specified technical standard or vendor
product mapped to the FEA TRM Service Standard, including
model or version numbers, as appropriate.

5. Will the application leverage No

existing components and/or
applications across the
Government (i.e., FirstGov,
Pay.Gov, etc)?
a. If "yes," please describe.

6. Does this investment provide Yes

the public with access to a
government automated
information system?
a. If "yes," does customer No
access require specific software
(e.g., a specific web browser
version)?
1. If "yes," provide the
specific product name(s) and
version number(s) of the
required software and the date
when the public will be able to
access this investment by any
software (i.e. to ensure
equitable and timely access of
government information and
services).

Exhibit 300: Part III: For "Operation and Maintenance"

investments ONLY (Steady State)

Risk Management

Part III should be completed only for investments which will be

in "Operation and Maintenance" (Steady State) in FY 2008, i.e.,
selected the "Operation and Maintenance" choice in response to
 Question 6 in Part I, Section A above.
You should have performed a risk assessment during the early
planning and initial concept phase of this investment's life-
cycle, developed a risk-adjusted life-cycle cost estimate and a
plan to eliminate, mitigate or manage risk, and be actively
managing risk throughout the investment's life-cycle.
Answer the following questions to describe how you are
managing investment risks.
1. Does the investment have a Yes
Risk Management Plan?
a. If "yes," what is the date of 6/30/2006
the plan?
b. Has the Risk Management No
Plan been significantly changed
since last year's submission to
OMB?
c. If "yes," describe any significant changes:

2. If there currently is no plan,

will a plan be developed?
a. If "yes," what is the
planned completion date?
b. If "no," what is the strategy for managing the risks?

Cost and Schedule Performance

1. Was operational analysis conducted? No

a. If "yes," provide the date the analysis
was completed.
b. If "yes," what were the results?

c. If "no," please explain why it was not conducted and if there

are any plans to conduct operational analysis in the future:
The U.S. Department of Education has recognized the requirement for
conducting an operational analysis and is working to sufficiently respond to
the requirement request as released in the OMB Memorandum M-05-023.
Since an operational analysis assesses the status of a steady-state
investment before it may become a problem, the outputs from the analysis
can be a primary input to the Select Phase of the Capital Planning process.
Operational guidance, policy and requirements are being drafted and will
be made available before the onset of the Select Phase.