Abstract
The enterprise Project Oversight System (ePROS) is a web based system that will facilitate the oversight portfolio of IT projects for project oversight professionals. Every new product being developed should undergo rigorous stages of the software development life cycle [SDLC]. The ePROS system will provide managers and quality assurance personal with a central repository from which they can manage the portfolio of IT projects in accordance with project oversight processes, software verification and validation standard and industry best practices relating to independent project oversight (IPO). This project would focus more on the risk management of the ePROS system. The project would provide the functionality to manage project oversight risks, issues, action items and decisions. These items are connected in a methodological way which will enable the project professionals to identify the risks. Based on the probability and timeframe, the impact and severity of the risk is determined by prioritizing the risk and it is assigned to the appropriate staff to manage these issues. Apart from managing risks, this project will also handle the vendor management and oversight reporting modules. Vendor contract component will capture all the project information like vendor contracts, contract amendments and deliverables. The report generation component will provide the functionality to generate critical project oversight reports at the portfolio and project level.