The Office of Management and Budget (OMB) is the business division of the Executive Office of the President of the United States that administers the United States federal budget and oversees the performance of federal agencies.
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The OMB is accountable for evaluating the quality of federal agency programs, policies and procedures to ensure they align with the president's budget and administration policies. The OMB is also responsible for managing the associated financial, information technology (IT) and compliance-related operations. The office performs government-wide budget coordination and is largely responsible for the technical aspects that surround the announcement of the president's budget each February.
The management side of the OMB includes five resource management offices (RMOs) that are organized by the functions they perform:
Office of Federal Financial Management (OFFM) - responsible for money that comes in to the government and the money that the government spends.
Office of Federal Procurement Policy (OFPP) - shapes the policies and practices that federal agencies use to acquire goods and services.
Office of E-Government and Information Technology - develops and provides direction for the use of Internet-based technologies that make it easier for citizens and businesses to interact with the federal government.
Office of Performance and Personnel Management (OPPM) - coordinates an administration’s performance review process for government agencies and their employees.
Office of Information and Regulatory Affairs (OIRA) - responsible for reviewing federal regulations, reducing paperwork burdens and overseeing policies relating to privacy and information quality.