Specifications include, but are not limited to: IOT established a policy for the requirements governing the review of IT development projects. The goal of the project review is to identify and mitigate problems with large IT projects as early in the project as possible to minimize their impact. This policy requires independent verification and validation for large IT development projects. All projects with $10,000,000 or more in IT development services or that are longer than twelve (12) months in duration must have an IV&V conducted by IOT or an independent 3rd party. This will include a review of the documented detailed business requirements that will be used in the bid for a new application or an upgrade of an existing application. This review will ensure the accuracy of the bid to mitigate flawed business requirements in the proposal bid request resulting in costly amendments after engagement begins. The Project also will be required to engage with IOT or a separate 3rd party vendor to employ metrics with weekly updates through project completion in order to provide visibility to all parties on project status and issues. The IV&V may also include: Verifying the process for reporting project status Verifying the process for stakeholder communication Verifying the testing process Verifying the quality control process Verifying the change control process Validating the commitment of the major stakeholders Validating the business and technical requirements Validating the project plan Validating the staffing plan Validating the time and cost estimate Validating the risk analysis and mitigation strategies Validating the communication plan validation Validating recommendations made by the (contractor) project manager Validating the test scripts Validating the post-completion project review Recommending changes to the project direction
