PROJECT MANAGEMENT METHODOLOGY

1.12.5.8 PROJECT MANAGEMENT METHODOLOGY. A. All IT projects shall be managed: (1) using a qualified project manager; (2) using a formal project management methodology, processes, and techniques approved by the office; and (3) by analyzing and monitoring risk at periodic intervals during the project management lifecycle, and mitigating risks before they negatively impact the IT project schedule, scope, or budget. B. During the project management lifecycle, agencies shall select and implement a phase product development lifecycle methodology approved by the office. C. The project budget must be documented in the project management plan by the phases and by deliverable. [1.12.5.8 NMAC - Rp 1.12.5.8 NMAC, 9/30/2005]