The Clinger-Cohen Act of 1996 requires agencies to use a
disciplined Capital Planning and Investment Control (CPIC)
process to acquire, use, maintain and dispose of information
technology (IT). Treasury’s CPIC process is a dynamic
process in which IT investments are selected and then continually
monitored and evaluated to ensure each chosen investment is
well managed, cost effective, and supports the mission and
strategic goals of the organization.
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The CPIC process is governed by the Treasury Executive Investment
Review Board (E-Board) and the Technical Investment Review
Board (TIRB).
The CPIC program is responsible for developing a comprehensive
IT CPIC policy framework that implements the following 4-phased
approach to selecting, managing and evaluating Treasury IT
investments:
- Pre-Select Phase – Executive decision-makers
assess each proposed IT investment in terms of how it supports
Treasury’s mission and strategic objectives. Project
Managers compile information necessary for supporting a
proposal assessment.
- Select Phase – Investment analyses
are conducted and the E-Board chooses those IT investments
that best support the mission of the organization and Treasury’s
approach to enterprise architecture.
- Control Phase – Treasury ensures,
through timely management oversight, quality control, and
executive review, that IT initiatives are developed and
executed in a disciplined, well-managed, and consistent
manner.
- Evaluate Phase – Actual results
of the selected IT investments are compared to expectations
to assess investment performance. This is done to assess
the project’s impact on mission performance and to
identify any necessary project changes or modifications.
Key Documents
Last Updated:
December 24, 2008
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Department of Treasury Fiscal Year 2008 Exhibit 300s
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