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:
(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.
Source Note: The provisions of this §216.21 adopted to be effective November 11, 2007, 32 TexReg 7894; amended to be effective November 23, 2015, 40 TexReg 8198