What is the capital planning and investment control process?
The capital planning and investment control process is a systematic approach to managing the risks and returns of IT investments. The process has three phases: select, control and evaluate. The process covers all stages of capital programming, including planning, budgeting and procurement. For additional information describing capital planning, please consult Circular A-11. What will happen if I don’t maintain an IT Capital Plan? The IT Capital Plan is the document that demonstrates to the agency Investment Review Board and to OMB officials, that a project deserves Federal funds. If the agency does not provide this information, merits of the project can not be determined. As part of the agency IT Capital Plan, do I need to report on both development, modernization and enhancement (DME) as well as Steady State investments? Yes. Additional information is provided in Part 3 of OMB Circular No. A-11, “Planning, Budgeting, and Acquisition of Capital Assets.” As part of the portfolio view of
