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Federal IT Capital Planning and Investment Control (with CD) by Patricia A. Kelley, Thomas G. Kessler

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INTRODUCTION

The Legislative Basis for Improved IT Management

Initiative is doing the right thing without being told.

—VICTOR HUGO, FRENCH AUTHOR

Capital planning and investment control (CPIC) is a set of practices and procedures for managing the entire set of a government agency’s information technology (IT) resources as if it were a financial portfolio. It is a decision-making process for aligning investments with the agency mission; for selecting investments that are in the best interests of the agency as a whole; and for identifying, managing, and mitigating risk that causes projects to fail. CPIC establishes a mind-set of strategic thinking and stewardship that can, over time, become part of an agency’s organizational culture.

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