Term:Major IT Investment

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A-11 Section 53

Major IT Investment - Major IT Investment means a system or an acquisition requiring special management attention because it: has significant importance to the mission or function of the agency, a component of the agency or another organization; is for financial management and obligates more than $500,000 annually; has significant program or policy implications; has high executive visibility; has high development, operating, or maintenance costs; is funded through other than direct appropriations; or is defined as major by the agency's capital planning and investment control process. OMB may work with the agency to declare other investments as major investments. If you are unsure about what investments to consider as "major", consult your agency budget officer or OMB representative. Investments not considered "major" are "non- major."

NIST SP 800-65

Major IT Investment - A system or investment that requires special management attention because of its importance to an agency's mission; was a major investment in the previous budget submission and is continuing; is for financial management and spends more than $500,000; is directly tied to the top two layers of the FEA (Services to Citizens and Mode of Delivery); is an integral part of the agency's modernization blueprint ( enterprise architecture); has significant program or policy implications; has high executive visibility; and is defined as major by the agency's CPIC process. OMB may work with the agency to declare other investments as major investments. All major investments must be reported on exhibit 53. All major investments must submit a "Capital Asset Plan and Business Case," Exhibit 300. Investments that are e-Government in nature or use e-business technologies must be identified as major investments regardless of the costs. If unsure about what investments to consider as "major," consult your agency budget officer or OMB representative. Systems not considered "major" are "non-major."