GAO updates IT management guide

"Information Technology Investment Management: A Framework for Assessing and Improving Process Maturity"

Related Links

General Accounting Office officials released this week an updated framework for assessing and evaluating an agency's management of information technology resources.

The IT Investment Management framework is a model of five stages of investment management maturity. This version updates a draft released in 2000, which was built around the approach laid out in the Clinger-Cohen Act of 1996, GAO officials said.

"This new version updates the exposure draft to take into account comments that GAO has received; GAO's experiences in evaluating several agencies' implementations of investment management processes and the lessons learned by these agencies; and the importance of enterprise architecture as a critical frame of reference in making IT investment decisions," the report states.

The framework provides a standardized tool for evaluation of investment management practices, a mechanism for reporting the results of the assessments and a plan for improving the practices, GAO officials said. For each maturity stage, the framework describes processes that must be in place for the agency to reach the stage. The five stages and some of the critical processes include:

* Stage One: Creating investment awareness — IT spending without disciplined investment processes.

* Stage Two: Building the investment process — instituting the investment board, providing oversight and capturing investment information.

* Stage Three: Developing a complete investment portfolio — defining the portfolio criteria, creating and evaluating the portfolio and conducting reviews.

* Stage Four: Improving the investment process — improving the portfolio's performance and managing the systems.

* Stage Five: Leveraging IT for strategic outcomes — optimizing the investment process and using IT to drive the strategic business change.

Featured

  • Management
    people standing on keyboard (Who is Danny/Shutterstock.com)

    OPM-GSA merger plan detailed in legislative proposal

    The White House is proposing legislation for a dramatic overhaul of human resources inside government and wants $50 million to execute the plan.

  • Cloud
    cloud applications (chanpipat/Shutterstock.com)

    GSA plans civilian DEOS counterpart

    GSA is developing a cloud email and enterprise services contract inspired by the single-source vehicle the Department of Defense devised for back-office software.

  • Defense
    software (whiteMocca/Shutterstock.com)

    DOD looks to unify software spending for 2020

    Defense Department acquisition head, Ellen Lord, hopes to simplify software buying and improve business systems following the release of the Defense Innovation Board's final software acquisition study.

Stay Connected

FCW INSIDER

Sign up for our newsletter.

I agree to this site's Privacy Policy.