What does the acronym CPIC stand for?

The acronym CPIC stands for Capital Planning and Investment Control. This refers to a structured process used by federal agencies to manage investments in technology, which ensures that capital investments are aligned with the agency's mission and objectives. The CPIC process helps in evaluating and prioritizing projects based on their potential return on investment and strategic importance, ultimately guiding funding decisions.

In the context of government and public sector management, effective capital planning is crucial for optimizing resource allocation, managing risks, and enhancing accountability in investment decisions. By utilizing the CPIC framework, agencies can also improve transparency and ensure that investments deliver measurable results and serve the public interest.

The other options do not accurately reflect established terms or frameworks commonly recognized in the context of capital planning and investment control in government settings.