For many government agencies, gathering accurate investment data is often an arduous and unsuccessful process. Agency data is often contained within several siloed and poorly integrated systems. Although many commercial project and portfolio data tools are available to government agencies, these tools often do not meet government agencies’ unique needs, leading government executives to purchase additional tools to complete their planning and investment responsibilities.
Microsoft Capital Planning & Investment Control solution
The goal of the Microsoft® Enterprise Project Management (EPM) solution for Capital Planning and Investment Control (CPIC) is to provide consistent and visible decision-making capabilities for the management of all enterprise-level investments throughout the investment life cycle. Agencies can integrate and streamline data acquisition and management processes while enhancing management and reporting of investment performance and risk with the CPIC solution. Agencies can interact in a web-based environment supported by a central data repository to access consistent, reliable, accurate, and auditable investment information that is grouped into investment portfolios.
Support the CPIC Process: The CPIC solution enables accountability and good stewardship of taxpayer dollars through the seamless integration processes and activities. With data integrated in a collaborative environment, the select, control and evaluate phases in the CPIC process can be streamlined allowing the agency to identify investments that satisfy their strategic goals and eliminate duplication. Additionally, management can apply performance metrics that monitor expected return on investment and project alignment.
Sustain Mission Needs in the Select Phase: A new investment enters the CPIC lifecycle through the Select Phase. In this phase, the agency makes decisions regarding which investments to fund based on strategic priorities. New investments are compared and prioritised against a uniform set of screening criteria and thresholds to determine whether they meet minimum funding requirements. The Select Phase helps ensure that the agency selects those investments that will best support the mission needs and helps to identify and analyse project risks and benefits before significant funding is committed.
Monitor the Portfolio in the Control Phase: Once the Selection Phase is complete, projects in the portfolio enter the Control Phase where they are actively managed and controlled. The Control Phase helps ensure that as a project is developed, it continues to meet cost, schedule, and performance expectations. The Control Phase helps government executives to monitor the portfolio, make decisions and take actions to change the course of a particular project to improve the position of the entire portfolio. During the Control Phase managers can also correct any problems before significant resources or time are utilised.
Assess Performance in the Evaluation Phase: Once projects have been fully implemented and are in the portfolio review cycle, they enter a phase where actual versus expected project results can be applied as portfolio process improvements. The Evaluation Phase compares actual performance to estimates at the portfolio level in order to assess performance and identify areas where future decision making can be improved. Government project managers can identify ways to modify or improve the overall investment management process to maximise results and minimise risks. In the Evaluation Phase managers can assess how well the project met its intended objectives and consider methods to improve overall performance of investments.
Microsoft EPM Solution Capabilities
The EPM Solution is a comprehensive PC and web-based project and portfolio management system. Learn how the EPM Solution helps organisations to select and deliver the right projects.
Time and Task Management
Portfolio Selection & Analytics
Business Intelligence & Reporting
Administration, Scalability and Extensibility