Portfolio Management for CPIC and the PMA

Support for federal compliance

Portfolio management with Planview Enterprise can help agencies address both CPIC and PMA requirements. By providing greater management insight into IT investments, portfolio management frees up resources from redundant or low value initiatives. Portfolio management also gives an agency management team a common understanding of the value of enterprise architecture. Furthermore, data elements collected through portfolio management can be used to promote interoperability.

CPIC

The Clinger-Cohen Act of 1996 mandated an IT enterprise architecture for federal agencies, determined interoperability standards, and incorporated Capital Planning and Investment Control (CPIC) in Budget Formulation and Execution.

CPIC is based on a circular investment management process in which an agency follows three sequential phases:

• Select: IT investments are assessed, prioritized and chosen.
• Control: The agency employs executive oversight, performance measurement, and quality control to ensure IT investments are managed, implemented, and developed in a disciplined approach, ensuring that projects are progressing as planned.
• Evaluate: The results of the implemented projects and IT initiatives are evaluated to determine how well the portfolio is supporting agency mission and program objectives.

Planview Solutions for CPIC

For CPIC, Planview Enterprise portfolio management provides parameters and guidelines for each of the three phases of the investment management process. Application of the methodology ensures that selected investments are aligned with an agency's strategic goals and best support the agency mission. Portfolio management provides information on project progress, funds spent to date, and highlights variances, providing executives and managers the tools for "Control."

In addition, portfolio management for CPIC enables an element of "Select" in the "Control" phase, as the portfolio can be adapted to emergent requirements outside the annual select process in response to internal and external conditions. Portfolio management also provides the tools for the "Evaluate" phase, enabling an overall view of the portfolio and the results from IT investments.

PMA

The President's Management Agenda (PMA) was designed to make government more results-oriented, efficient and citizen-centered accountable. The PMA contains five government-wide initiatives to improve federal management:

• Improved financial performance
• Budget and performance integration
• Strategic management of human capital
• Competitive sourcing
• Expanded electronic government

Planview Solutions for PMA

For the PMA, portfolio management with Planview Enterprise enables the efficient capture and tracking of information specifically required by the Agenda. By applying a dynamic portfolio management process and approach, an agency can ensure that the highest value IT investments are selected. Portfolio management also enables the elimination of redundant investments, reduction of wasteful projects, the tracking of performance results from budgeting decisions, and the integration of performance measures with budget decisions and submissions.