PRELIMINARY DRAFT STRATEGIC PLAN - NASA Wiki

CIO COUNCIL STRATEGIC PLAN
GOAL 6: INVESTMENT
MANAGEMENT POLICIES,
PRACTICES, AND TOOLS THAT
ENABLE IMPROVED DELIVERY
OF GOVERNMENT PROGRAMS
AND SERVICES
Federal agencies are required to
manage IT projects as business as
opposed to technical investments. IT
projects have to demonstrate that they
have a business value and payoff.
Moreover, opportunities exist to improve
the way Federal agencies acquire and
manage IT. The Council has defined
five major objectives that support the
achievement of this goal.
1) Foster better integration of planning,
budgeting, acquisition, and program
management communities and
processes.
2) Achieve consistent application of
investment management measures,
methodologies, and policies.
3) Seamlessly integrate Federal
statutory requirements into the
investment management process.
4) Improve the quality, accuracy,
consistency, and currency of data
used to support investment decisionmaking
and meaningful reporting.
5) Improve information technology
acquisition strategies.
MANAGED INVESTMENTS
Background
Federal agencies are faced with major
managerial and technical challenges as
they identify, select and control IT
investments. Reform legislation such as
the Paperwork Reduction Act of 1995,
the Federal Acquisition Streamlining Act
of 1994 (FASA) and the Clinger-Cohen
Act have placed requirements on how
agencies manage IT investments.
The Council continues to identify and
support initiatives to reinforce agencies'
investment management practices. The
integration of the disparate investment
management processes, covering
budgeting, planning, selection,
evaluation, and control is an emerging
issue that the Council views as
important. The ongoing development of
tools to help agencies manage their
investment portfolios and to measure
the effectiveness of their investment
management processes are to be
addressed.
Accomplishments
Collaboration and Information
Sharing - The Council used meetings
as a forum for discussion and exchange
of ideas among Federal capital planning
community members and with groups
with related responsibilities such as the
Government Accounting Office (GAO)
and CIO Council Security sub-
Committee.
49
Reporting Improvements - The
Council provided feedback and