and results of all major capital investments made by an executive agency for information systems. The process shall cover the life of each system and shall include explicit criteria for analyzing the projected and actual costs, benefits, and risks associated with the investments. Information Technology Standards The OMB Director shall oversee the development and implementation of standards and guidelines pertaining to Federal computer systems by the Secretary of Commerce through the National Institute of Standards and Technology. Use of Best Practices in Acquisition The OMB Director shall encourage the heads of the executive agencies to develop and use the best practices in the acquisition of information technology. Assessment of other models for managing Information Technology The OMB Director shall assess, on a continuing basis, the experiences of executive agencies, State and local governments, international organizations, and the private sector in managing information technology. Other tasks are about the comparison of agency uses of IT, training, Informing Congress, and procurement policies. Performance-based and results-based management Director of the Office of Management and Budget (OMB) shall encourage the use of performance-based and results-based management in fulfilling the responsibilities assigned. OMB's Director is tasked with the following responsibilities: to evaluate the information resources management practices of the executive agencies with respect to the performance and results of the investments made by the executive agencies in information technology. to issue the head of each executive agency to: establish effective and efficient capital planning processes for selecting, managing, and evaluating the results of all of its major investments in information systems; determine, before making an investment in a new information system: whether the function to be supported by the system should be performed by the private sector and, if so, whether any component of the executive agency performing that function should be converted from a governmental organization to a private sector organization; whether the function should be performed by the executive agency and, if so, whether the function should be performed by a private sector contract or by executive agency personnel; analyze the missions of the agency and, based on the analysis, revise its mission-related processes and administrative processes, before making significant investments in information technology for those missions; ensure that the information security policies, procedures, and practices are adequate. guidance for undertaking efficiently and effectively interagency and Government-wide investments in information technology periodic reviews of selected information resources management activities of the agencies to