Key Practices	Status
	Implemented	Not Implemented
STAGE 2
Critical Process #1: Instituting the Investment Board
Key practices
Investment Boards
IT Investment Process
Adequate Resources
Competence
Avoiding Duplication of Gaps
Oversight Responsibilities
Controls
Critical Process #2: Identifying Business Needs for IT Projects
Key practices
Policies and Procedures
Business Mission
Identifying Business Needs
Specific User Identification
End-Users Participation
Investment Board Evaluation
Critical Process #3: Selecting An Investment
Key practices
Policies and Procedures
Adequate Resources
Criteria
Organizational Objectives
Selection Process
Reselection Process
Funding vs. Selection Decisions
Critical Process #4: Providing Investment Oversight
Key practices
Policies and Procedures
Adequate Resources
Project Management Plans
Actual Performance Data
Performance Reviews
Critical Process #5: Capturing Investment Information
Key practices
Information Collection
Information Accessibility
Maintaining the Information Repository
STAGE 3
Critical Process #1: Defining the Portfolio Criteria
Key practices
Documented Policies and Procedures
Criteria Development Responsibility
Adequate Resources
Working Group Responsibility
Portfolio Selection Criteria
Selection Criteria Awareness
Selection Criteria Review
Critical Process #2: Creating the Portfolio
Key practices
Policies, Procedures, and Processes
Adequate Resources
Board Members' Knowledge
Expectation and Performance comparison
New and Ongoing Investment Examination
Performance Expectation Modification
Archiving Used Information
Critical Process #3: Evaluating the Portfolio
Key practices
Policies and Procedures
Adequate Resources
Board's Knowledge of Evaluation Criteria
Board Review Provision
Assessment Criteria Development
Performance Measurement Data and Criteria
Investment Adjustments
Critical Process #4: Conducting Post-Implementation Reviews
Key practices
Documented policies and procedures
Resource adequacy
Investment board knowledge
Investment board identification
Data use and collection
Investment board assessment

Source: Office of the Inspector General