Projects in excess of $2 million shall be reviewed by the State CIO and the Information Technology Investment Board (ITIB). The State CIO and the ITIB shall, within 30 days of receipt of a request for review and the relevant information describing a project from the Institution, provide a non-binding recommendation on that project to the Institution, the Governor, and the General Assembly.
On a quarterly basis, the President, acting through the appropriate designee, shall report to the ITIB on the budget, schedule and overall status of the Institution's major IT projects. This requirement shall not apply to research projects, research initiatives, or instructional programs.
The State CIO and the ITIB shall continue to have the authority regarding project suspension and termination as provided in §2.2-2015 and in subdivision 3 of §2.2-2458, respectively and the State CIO and the ITIB shall continue to provide the Institution with reasonable notice of, and a reasonable opportunity to correct, any identified problems before a project is terminated.
Requirements for Major IT projects are maintained on the VITA website.