Itrm Standard Cpm 516-02 Publication - Virginia Information Technologies Agency Page 20
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38Information Technology Investment Management Standard
ITRM Standard CPM 516-02
January 31, 2017
6. ITIM PHASES AND ACTIVITIES
6.1 Purpose
This Section will define and describe the four phases of the ITIM lifecycle (pre-select,
select, control, and evaluate) and establish the activities required in each phase.
Execution of the lifecycle activities typically occurs annually as part of commonwealth
and agency strategic planning and budgeting processes. Figure 5 provides an
overview of the details presented in this section, including the forms used to enter IT
investment information into the CTP.
Figure 5: ITIM phases and related CTP investment forms
Legend: BRT – Business Requirements for Technology
OR/I – Operational Risk/Issue
PPD - Project or Procurement Determination
IBC – Investment Business Case
IBF - Investment Biennium Funding
PRCA - Project Risk/Complexity Assessment (initial)
PBA - Procurement Business Alignment
PIR – Post Implementation Review (for projects)
6.2 Pre-Select phase
The purpose of the Pre-Select phase is to identify, analyze, and document potential
IT investments that support agency business needs in the context of commonwealth
business needs. The Pre-Select phase allows agencies to define business objectives,
associate costs with the potential IT investments needed to meet those business
objectives, and document a range of performance measures for their potential IT
investments.
Completion of the Pre-Select phase answers the question “What proposed IT
investments potentially solve agency business needs?”
6.2.1 Pre-Select phase required activities
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