
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 40USC1422]

 
             TITLE 40--PUBLIC BUILDINGS, PROPERTY, AND WORKS
 
              CHAPTER 25--INFORMATION TECHNOLOGY MANAGEMENT
 
 SUBCHAPTER I--RESPONSIBILITY FOR ACQUISITIONS OF INFORMATION TECHNOLOGY
 
                       Part B--Executive Agencies
 
Sec. 1422. Capital planning and investment control


(a) Design of process

    In fulfilling the responsibilities assigned under section 3506(h) of 
title 44, the head of each executive agency shall design and implement 
in the executive agency a process for maximizing the value and assessing 
and managing the risks of the information technology acquisitions of the 
executive agency.

(b) Content of process

    The process of an executive agency shall--
        (1) provide for the selection of information technology 
    investments to be made by the executive agency, the management of 
    such investments, and the evaluation of the results of such 
    investments;
        (2) be integrated with the processes for making budget, 
    financial, and program management decisions within the executive 
    agency;
        (3) include minimum criteria to be applied in considering 
    whether to undertake a particular investment in information systems, 
    including criteria related to the quantitatively expressed projected 
    net, risk-adjusted return on investment and specific quantitative 
    and qualitative criteria for comparing and prioritizing alternative 
    information systems investment projects;
        (4) provide for identifying information systems investments that 
    would result in shared benefits or costs for other Federal agencies 
    or State or local governments;
        (5) provide for identifying for a proposed investment 
    quantifiable measurements for determining the net benefits and risks 
    of the investment; and
        (6) provide the means for senior management personnel of the 
    executive agency to obtain timely information regarding the progress 
    of an investment in an information system, including a system of 
    milestones for measuring progress, on an independently verifiable 
    basis, in terms of cost, capability of the system to meet specified 
    requirements, timeliness, and quality.

(Pub. L. 104-106, div. E, title LI, Sec. 5122, Feb. 10, 1996, 110 Stat. 
683.)

                  Section Referred to in Other Sections

    This section is referred to in section 1451 of this title.
