CHAPTER 3

CPIC Control and Evaluation Phases

Engineering is the art of organizing and directing men and controlling the forces and materials of nature for the benefit of the human race.

—HENRY G. STOTT, FORMER PRESIDENT OF THE AMERICAN INSTITUTE OF ELECTRICAL ENGINEERS

The CPIC planning and selection phases discussed in Chapter 2 represent the most intensive times of activity for the ITIRB because it must analyze a large volume of information and then make important decisions. But if the ITIRB does not also follow up throughout the year by monitoring investment performance, or if periodic analyses of investment viability are not conducted, performance problems may arise. For example, if an approved new development effort gets off track, thousands ...

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