Which of the following would BEST help to improve an enterprise's ability to manage large IT investment projects?
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A. B. C. D.C.
Large IT investment projects are complex endeavors that require careful planning, execution, and monitoring to ensure success. Therefore, it's essential to have effective mechanisms in place to manage these projects. Among the options provided, the BEST approach to improving an enterprise's ability to manage large IT investment projects is to implement a review and approval process for each phase (Option D).
Option A, reviewing and evaluating existing business cases, is a crucial activity, but it's not sufficient on its own to improve an enterprise's ability to manage large IT investment projects. Business cases are documents that outline the rationale for a project, including its objectives, expected benefits, and costs. Reviewing and evaluating existing business cases can help identify gaps or flaws in the planning process. However, this activity does not provide a structured framework for managing the project's execution.
Option B, creating a change management board, is a good practice for managing changes in the project's scope, objectives, or requirements. However, it does not address the project's overall management. Change management is a subset of project management and should be integrated into the project management framework.
Option C, publishing the IT approval process online for wider scrutiny, can enhance transparency and accountability, but it does not necessarily improve the project's management. The approval process is a component of project governance, which is part of project management. However, publishing the approval process online does not ensure that the project management practices are effective.
Option D, implementing a review and approval process for each phase, is the BEST approach because it provides a structured framework for managing the project's execution. A review and approval process typically involves defining clear objectives for each project phase, identifying deliverables, milestones, and performance metrics, and establishing a review and approval mechanism to ensure that each phase meets its objectives. This approach allows project managers to monitor progress, identify issues, and take corrective action when needed.
In conclusion, while all the options provided are relevant to managing large IT investment projects, implementing a review and approval process for each phase (Option D) is the BEST approach to improving an enterprise's ability to manage such projects effectively.