Certified in the Governance of Enterprise IT (CGEIT) — Question 257

The IT director of a large project-driven enterprise is concerned that all recently completed IT projects have exceeded their budgets. Which of the following would be the BEST way to address this concern?

Answer options

• A. Implement portfolio management.
• B. Require monitoring of budget utilization.
• C. Assign business sponsors to active projects.
• D. Implement agile project methodology.

Correct answer: B

Explanation

Requiring monitoring of budget utilization ensures that project expenses are tracked against projections, allowing for early detection of budget overruns. While implementing portfolio management and assigning sponsors can help in strategic oversight, they do not directly address the immediate concern of budget compliance. Adopting agile project methodology may improve flexibility but does not inherently solve budget management issues.