|IMPORTANT NOTICE TO CURRENT IT PROJECTS: Effective February 1, 2014, the Project Planning and Management (PPM) Life Cycle V2.0 will be used for all IT projects. The PPM Life Cycle replaces HUD's previous PPM V1.0 and the System Development Methodology (SDM). Current IT contracts that require projects to follow the PPM V1.0 or SDM will be addressed by the Government Technical Representatives (GTRs) on a case-by-case basis in order to determine how much, if any, of the work can be incorporated into the PPM Life Cycle.
The Department of Housing and Urban Development's (HUD's) Project Planning and Management (PPM) Life Cycle V2.0 provides practical approaches to optimize innovation, minimize schedule and budget risk, and better plan and execute projects. PPM V2.0 incorporates many principles from the Project Management Body of Knowledge (PMBOK®), a best practices project management methodology which presents a set of standard terminology and guidelines for managing projects.
The PPM V2.0 approach is scalable and flexible and can be used on all types of projects. It provides the context for the HUD ITgovernance process and describes the interdependencies among its project management, investment management and enterprise architecture components. The intent of the guidance is to provide a general framework for project planning and project management that will most effectively serve our organization.