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.