A r c h i v e d  I n f o r m a t i o n

IT Investment Management

Contact
Ralph Strenglein
(202) 205-2477

IT Investment Management Program

The Information Technology Investment Review Board (ITIRB) has begun a limited implementation of the IT investment management program. The ITIRB is reviewing 10 IT projects, and it will establish progress review schedules for monitoring purposes.

These reviews are an important step in initiating the IT investment management process. When the process is fully implemented, OCIO will ensure completion of a qualitative and quantitative evaluation of all information technology projects: proposed, under development, and operational. OCIO will use the following assessment criteria:

• Does the project provide measurable outcomes directly linked to ED's strategic plan?

• Is the project developed in modular components with well-established milestones for periodic review?

• Is the project cost-effective and does it provide an appropriate return on investment? Is the project consistent with ED's information technology architectures?

OCIO will monitor and assess projects throughout their life cycles, evaluating actual versus expected outcomes. As a result, timely action can be taken to mitigate the effects of changes in risks and costs and ensure that the investments provide the expected benefits.

In the fall of 1999, work will be undertaken to integrate the planning, budgeting, acquisition and investment processes to begin a broader implementation of IT investment management.