Michigan HB5663 sets time and cost limits for state IT projects and mandates reporting on system-related contracts.
Michigan HB5663 amends state law to establish a maximum time period and cost limit for information technology projects. The bill mandates that IT projects must not exceed 36 months and $10,000,000.00. It also requires the Department of Technology, Management, and Budget to establish a process for accounting and monitoring project costs for IT projects exceeding $250,000.00. This process must include identification and monitoring of cost overruns, change orders, and accounting for projects that exceed one year.
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