Capital Planning and Investment Control
Encyclopedia
Capital Planning and Investment Control (CPIC) is a structured, integrated approach to managing information technology (IT) investments. It is the primary process for making investment decisions, assessing investment process effectiveness, and refining investment related policies and procedures. It ensures that all IT investments align with the agency’s mission and support business needs while minimizing risks and maximizing returns through the investment’s lifecycle.
CPIC
is mandated by the Clinger-Cohen Act
which requires government agencies to use a disciplined process to acquire, use, maintain and dispose of information technology (IT). CPIC relies on a systematic approach to IT investment management in three distinct phases: Select, Control and On-Going Evaluation, to ensure each investment’s objectives support the business and mission needs of the Agency.
CPIC
CPIC
CPIC may refer to:* Canadian Police Information Center* Cancer Prevention Institute of California* Capital Planning and Investment Control* China Pacific Insurance* China Power Investment Corporation...
is mandated by the Clinger-Cohen Act
Clinger-Cohen Act
The Clinger–Cohen Act , formerly the Information Technology Management Reform Act of 1996 , is a 1996 United States federal law, designed to improve the way the federal government acquires, uses and disposes information technology ....
which requires government agencies to use a disciplined process to acquire, use, maintain and dispose of information technology (IT). CPIC relies on a systematic approach to IT investment management in three distinct phases: Select, Control and On-Going Evaluation, to ensure each investment’s objectives support the business and mission needs of the Agency.