Each institution of higher education shall manage information
resources projects based on project management practices that meet
the following criteria:
(1) Include a standardized and repeatable method for
delivery of information resources projects that solve business problems;
(2) Include a method for governing application of project
management practices;
(3) Be documented and include a single reference source
(e.g., handbook, guide, repository);
(4) Include a project classification method developed
by DIR, the institution of higher education, or another source that:
(A) Differentiates and categorizes projects according
to level of complexity and risk (e.g., technology, size, budget, time
to deliver); and
(B) Defines how to use the project classification method
to establish, scale, and execute the appropriate level of processes;
(5) Include a method to periodically review, assess,
monitor, measure, and improve the impact of organizational project
management practices on the institution of higher education's ability
to achieve its strategic objectives and deliver business value;
(6) Accommodate use of other practices and methods
that intersect with application of project management practices; and
(7) Be reviewed and updated at least every two years
to facilitate continuous process improvement.
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