---
kind: "section"
citation: "40 U.S.C. § 11312"
title: "40"
title_heading: "Public Buildings, Property, and Works"
number: "11312"
heading: "Capital planning and investment control"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/40/11312"
units:
  - "Subtitle III — Information Technology Management"
  - "Chapter 113 — Responsibility for Acquisitions of Information Technology"
  - "Subchapter II — Executive Agencies"
---

# §11312. Capital planning and investment control

- (a) **Design of Process.—** In fulfilling the responsibilities assigned under [section 3506(h) of title 44](/usc/44/3506.md?p=h), the head of each [executive agency](/usc/40/102.md?p=4) shall design and implement in the [executive agency](/usc/40/102.md?p=4) a process for maximizing the value, and assessing and managing the risks, of the [information technology](/usc/40/11101.md?p=6) acquisitions of the [executive agency](/usc/40/102.md?p=4).
- (b) **Content of Process.—** The process of an [executive agency](/usc/40/102.md?p=4) shall—
  - (1) provide for the selection of investments in [information technology](/usc/40/11101.md?p=6) (including information security needs) to be made by the [executive agency](/usc/40/102.md?p=4), the management of those investments, and the evaluation of the results of those investments;
  - (2) be integrated with the processes for making budget, financial, and program management decisions in the [executive agency](/usc/40/102.md?p=4);
  - (3) include minimum criteria to be applied in considering whether to undertake a particular investment in [information systems](/usc/40/11101.md?p=5), including criteria related to the quantitatively expressed projected net, risk-adjusted return on investment and specific quantitative and qualitative criteria for comparing and prioritizing alternative [information systems](/usc/40/11101.md?p=5) investment projects;
  - (4) identify [information systems](/usc/40/11101.md?p=5) investments that would result in shared benefits or costs for other [federal agencies](/usc/40/102.md?p=5) or state or local governments;
  - (5) identify quantifiable measurements for determining the net benefits and risks of a proposed investment; and
  - (6) provide the means for senior management personnel of the [executive agency](/usc/40/102.md?p=4) to obtain timely information regarding the progress of an investment in an [information system](/usc/40/11101.md?p=5), including a system of milestones for measuring progress, on an independently verifiable basis, in terms of cost, capability of the system to meet specified requirements, timeliness, and quality.

## Source credit

(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1239; Pub. L. 108–458, title VIII, § 8401(3), Dec. 17, 2004, 118 Stat. 3869.)

## Notes

| Historical and Revision Notes |  |  |
| --- | --- | --- |
| Revised<br>Section | Source (U.S. Code) | Source (Statutes at Large) |
| 11312 | 40:1422. | Pub. L. 104–106, div. E, title LI, § 5122, Feb. 10, 1996, 110 Stat. 683. |

### Editorial Notes

### Amendments

2004—Subsec. (b)(1). Pub. L. 108–458 substituted “investments in information technology (including information security needs)” for “information technology investments”.