How can the capital planning process help support decisions on investing in future EA component upgrades or new capabilities?
Capital Planning and Investment Control (CPIC) process supports EA by planning, selecting, controlling, and evaluating investments in new or upgraded EA components. This cyclic process promotes the attainment of the following: Identification of operational performance gaps in the enterprise, Identification of new or upgraded EA components to close performance gaps, Development of business cases that consider alternatives, alignment, and value, Development and management of an overall portfolio of investments in the EA, Maximizing the value of individual investments in EA components, Encouraging a culture of learning by evaluating each completed Investment. The CPIC process operates in four distinct phases that serve to (1) standardize how requirements for technology are identified within a strategic and business context; (2) associate the technology requirement with an EA component; (3) make an investment decision; and (4) implement a solution through standardized project management practices and the EA program. The Project Management Plan (PMP) serves as the common documentation source for all phases of the CPIC process.