The Technology Modernization Fund (TMF) is an innovative funding vehicle that gives agencies additional ways to deliver services to the American public more quickly, better secure sensitive systems and data, and use taxpayer dollars more efficiently. Approved projects receive incremental funding and technical expertise to ensure project success.
The TMF is overseen by the Technology Modernization Board, comprised of Government IT leaders representing proven expertise in technology, transformation, and operations. Agencies submit IT-related project proposals for the Board to review and consider. Agencies submit technology modernization proposals to the Board through a two-phased approval process.
Phase One: Initial Project Proposal (IPP)
Agencies submit Initial Project Proposals (IPPs), which act as a low burden pre-screen to maximize the number of unique projects the Board can review. Agencies must also confirm that funding for this project has never explicitly been denied or restricted by Congress.
Phase Two: Full Project Proposal (FPP)
If the Board approves an IPP, the project team submits their Full Project Proposal (FPP) to the Board. The FPP entails a more comprehensive description of the proposal, discrete project milestones, and funding schedule. The team will also prepare a pitch deck and in-person presentation for the Board.?
Projects recommended for funding by the Board receive incremental funding contingent on the successful execution of milestones. The TMF provides greater flexibility to agencies funding technology modernization efforts by extended payback requirements to five years.
A list of projects awarded funding from the TMF is available to view here: https://tmf.cio.gov/projects/.
The following topics are neither exhaustive nor may be applicable to all agency projects, but serve to provide a framework to identify projects ripe for IT modernization. Agencies submitting Initial Project Proposals are encouraged (though not required) to address these considerations, including citing or attaching evidence that their project meets any applicable considerations. Agency project sponsors should also be able to address these issues as part of the evaluation process, should a project merit additional examination by the Board.