Capital Asset Planning and Justification Using OMB Criteria

Management Concepts

How long?

  • 3 days
  • online, in person

Management Concepts

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Who should attend

This course is designed for all agency professionals involved with capital asset investments and non-IT assets and aircraft using the Capital Planning Guidance. It is expected that students who take this course anticipate participating (or currently participate) in a capital programming integrated project team (IPT). Since IPTs typically include people from a variety of disciplines, some students may be familiar with certain aspects of capital acquisition but will want a better understanding of other steps in the process as well as legislative requirements. For those involved in information technology, the course also includes the portfolio analysis of IT investments.

About the course

The Capital Planning Guidance issued by OMB documents are used by agencies to present investment portfolios and acquisition and operational plans for budget requests for major capital information technology (IT) investments. Agency professionals are required to stay current with this guidance, as it is updated regularly. You will gain an understanding of how current guidance integrates with progressive performance management processes, ensuring compliance and optimization. Through exercises and examples, you will examine the legislative environment, terminology and concepts, and more.

Learning Objectives

  • Interpret OMB guidance for justifying capital investments using the Capital Programming Guide
  • Program capital investment in accordance with Federal legislation
  • Identify the key steps in capital planning and programming processes
  • Relate proposed capital investments to the organization’s strategic goals and objectives
  • Generate an appropriate benefit-cost analysis
  • Identify project risks and develop mitigation strategies
  • Determine the appropriate funding strategy for a capital asset
  • Use earned value data effectively to monitor and control projects

Course Topics

Capital Planning and Programming System of Systems

  • Building Background
  • What Is a Capital Asset?
  • Relevant Legislation
  • Justifying Capital Investments
  • Lesson Wrap-Up

OMB Circular A-11, Capital Planning Guidance for IT, Non-IT, and Aircraft

  • Building Background
  • Major IT Business Case and Details (IT Investments Only)
  • Planning, Budgeting, Acquisition, and Management of Non-IT Capital Investments
  • Instructions for the Acquisition and Maintenance of Aircraft
  • Lesson Wrap-Up

Conducting and Reporting on Alternative Analysis

  • Building Background
  • Alternatives Analysis
  • Benefit-Cost Analysis
  • Lesson Wrap-Up

Managing Risk

  • Building Background
  • Risk Management
  • Risk Mitigation Strategies
  • Enterprise Risk Management
  • Lesson Wrap-Up

Project and Operational Performance: Earned Value Management/Operational Analysis

  • Building Background
  • Earned Value Management — A Performance Management System
  • Operational Analysis
  • Lesson Wrap-Up

Linking IT Investments to Strategic Objectives and Business Needs

  • Building Background
  • Mapping IT Assets to the Federal Enterprise Architecture
  • The Major Business Case and the CAP Framework
  • Lesson Wrap-Up

Capital Asset Planning and Justification Using OMB Criteria at Management Concepts

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

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