AS/NZS 8016(Int):2010

This Interim Standard provides guiding principles for directors or organizations (including owners, board members, directors, partners, senior executives, or similar) on the corporate governance of projects involving IT investment. It applies to the entire business lifecycle of the projects, from conception to confirmation, that intended business outcomes, benefits and value have been realized.

This Interim Standard provides guiding principles for directors or organizations (including owners, board members, directors, partners, senior executives, or similar) on the corporate governance of projects involving IT investment. The Interim Standard applies to the governance process to be applied to all aspects of such projects and not merely to the aspects of the projects that deliver the IT capability. It applies to the entire business lifecycle of the projects, from conception to confirmation, to ensure, as far as practicable, intended business outcomes, benefits and value have been realized. This is to ensure organizations do not just focus on the IT aspects of projects and risk neglecting the importance of the non-IT aspects in achieving intended business outcomes. This Interim Standard uses the Concise Oxford English Dictionary definition of a project: ‘an enterprise carefully planned to achieve a particular aim’. This Interim Standard provides guidance to those advising, informing, or assisting directors. They include - (a) project managers, and program and portfolio managers;(b) members of groups monitoring the resources within the organization;(c) external business or technical specialists, such as legal or accounting specialists, retail associations, or professional bodies;(d) vendors of hardware, software, communications and other IT products;(e) internal and external service providers (including consultants); and(f) auditors.

First published as AS/NZS 8016(Int):2010.