ITD’s Enterprise Project Management Office (EPMO) executes a number of activities to support and enhance project management, IT planning, portfolio management, project oversight and IT procurement requirements that are driven by a combination of legislative mandate, best practice competency, and the drive for continual improvement. To fund these activities, ITD charges a tiered EPMO fee on major IT projects when the project moves from the planning phase to the execution phase. A major IT project is any information technology project that is estimated to cost $500,000 or more.
* There are times when projects under $500,000, at the discretion of the CIO, are required to have an oversight analyst assigned. Examples may include unusually high risk projects, or projects that although estimated to be under $500,000, have a likelihood of running over the $500,000 mark when adjusted for risk factors.
Additional Details and Scenarios:
(*) If a project under $500,000 is being monitored via oversight the project fee is also $2,500.
Project Management Oversight monitors and guides information technology projects with a budget in excess of $100,000.
A project is a temporary endeavor undertaken to create a unique product, service, or result. Project Management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.