The Clinger Cohen Act of 1996 requires OMB to establish a budget process of analyzing, tracking, and evaluating the risks and results of IT projects. The law requires federal executive departments and agencies use the CPIC process outlined by OMB Circular A-130. (OMB Circular A-130. Managing Information as a Strategic Resource. Policy. July 2016.)
CPIC is a systematic approach to selecting, managing, and evaluating information technology investments. Every year, agencies report IT investments to OMB to inform the President’s Budget. (USDA. Capital Planning and Investment Control.)
OMB requires agency CIOs, SAOPs, CFOs, and budget officers coordinate to ensure that IT budget data is consistent with the agency’s budget submission.