The Office of Management and Budget (OMB) released its Capital Planning Guidance for Fiscal Year 2022 budget planning, which mirrors past guidance in advancing the Technology Business Management (TBM) approach to budgeting for IT.
The biggest changes from the FY2021 guidance is that agencies are expected to have TBM in place, and are no longer allowed to have a phased implementation approach. A TBM taxonomy is also included as an appendix, and the guidance removes a “redundant” section on TBM implementation. Also, risk reports are no longer a requirement due to redundancy as well. The guidance also removes the reporting requirement for IT Resource Statements which provides a baseline for collaboration between the CIO and the CFO.
“The reports provided through the IT Capital Planning and Investment Control process represent the ongoing efforts to manage the investment in modern IT to meet mission needs, serve Federal customers, and effectively stewards taxpayer funds,” the guidance states.
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