Critical to maturing project-level IT investment control processes
is the ability to recognize the need for and to take swift corrective action when a project is having trouble meeting its schedule expectations and cost estimates.
As the organization matures,
it learns from past decisions,
better manages the causal factors that created the past problems,
and thus improves the cost and schedule results in ongoing projects.
Beyond the investment control processes, the organization also begins to implement basic selection processes.
The core business needs for each IT project are identified and the basic portfolio development processes are used to select new IT proposals.