How will agencies use capital planning and investment control process?
Agencies must establish and maintain a capital planning and investment control process that links mission needs, information, and information technology in an effective and efficient manner. The process will guide both strategic and operational IRM, IT planning, and the Enterprise Architecture by integrating the agency’s IRM plans, strategic and performance plans prepared pursuant to the Government Performance and Results Act of 1993, financial management plans prepared pursuant to the Chief Financial Officer Act of 1990 (31 U.S.C. 902a5), acquisition under the Federal Acquisition Streamlining Act of 1994, and the agency’s budget formulation and execution processes. The capitalplanning and investment control process includes all stages of capital programming, including planning, budgeting, procurement, management, and assessment. As outlined below, the capital planning and investment control process has three components: selection, control, and evaluation. The process must be iterative
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- How will agencies use capital planning and investment control process?
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