Writers' First Review Draft: (2VAI)
Term (2WE7)
Major IT acquisition/investment (2WE8)
Origin/Source for Inclusion of the Term (2WE9)
(1) OMB Circular No. A–11 (2005) Section 53—Information Technology And E-Government (2) Circular No. A–11 Section 300—Planning, Budgeting, Acquisition, And Management Of Capital Assets OMB Circular No. A–11 (2005) (2WEA)
OMB Context Definition (2WEB)
means a system or project requiring special management attention because of its 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; 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.” (2WEC)
Reference/URL OMB Context Definition (2WED)
(1) OMB Circular No. A–11 (2005) Section 53—Information Technology And E-Government (2) Circular No. A–11 Section 300—Planning, Budgeting, Acquisition, And Management Of Capital Assets OMB Circular No. A–11 (2005) (2WEE)
Business Definition (2WEF)
A system or project that, if implemented, would either transform the enterprise or impose a major impact to existing systems, business processes, or external relationships. Due to the nature of major acquisitions/investments, top business leadership monitoring is required. (2WEG)
Reference/URL for Business Definition (2WEH)
Original definition developed by David S. Walters, Vice President, Intervise, Inc., dwalters@intervise.com, 240 364 9500, created on June 20, 2005. (2WEI)
Technical Definition (2WEJ)
A Major IT acquisition/investment can be defined by an enterprise by the total acquisition cost estimated that exceeds a specific dollar amount or an IT system that has been specifically designated to be a major system by an enterprise Executive, even if the acquisition costs are not expected to exceed the specific dollar amount. (2WEK)
Reference/URL Technical Definition (2WEL)
Original definition developed by David S. Walters, Vice President, Intervise, Inc., dwalters@intervise.com, 240 364 9500, created on June 20, 2005. (2WEM)
Context Definition 1 (2WEN)
Reference/URL Context Definition 1 (2WEO)
Context Definition 2 (2WEP)
Reference/URL for Context Definition 2 (2WEQ)
Context Definition 3 (2WER)
Reference/URL for Context Definition 3 (2WES)
See Also Related Terms (2WET)