1265 – Information Technology Investment Management (ITIM) [PUBLIC]
.08 Process Overview
At the highest level, the ITIM and CPIC processes can be represented as a circular flow of BLM’s IT investments through four sequential phases. The key goal is to align mission and program technical requirements with budget formulation and execution for all significant IT investments. These phases are shown in Figure 1 below:
Figure 1: CPIC Phases
A. Pre-Select Phase: This is an initial screening process. When IT investments are proposed, executive decision makers assess each proposed investment’s support of BLM’s strategic and mission needs and potential for business improvement.
B. Select Phase: During this phase, IT project comparison, evaluation, and prioritization occurs. IT project investment analyses are conducted to assist the ITIB in selecting and prioritizing IT investments that best support the BLM missions in alignment with fiscal year budget dynamics.
C. Control Phase: This phase consists of governance, oversight, and follow up to insure cost effective management occurs. Through timely oversight, quality control, and executive review, BLM ensures that IT initiatives are executed and developed according to pre-approved schedule and milestones in a disciplined, well-managed, and consistent manner.
D. Evaluate Phase: During evaluation, investments are assessed to determine how well they are meeting planned objectives. Actual results of the implemented projects are compared to expectations to assess the investment’s performance. This is done to measure and document the investment’s impact on mission performance, identify any investment changes or modifications that may be needed, and revise the investment management process based upon lessons learned.
Rel. 1-1718 08/27/2009