One of my favorite quotes is: “An ounce of prevention is worth a pound of cure”. Benjamin Franklin's famous expression is so true in so many aspects of our lives; wiping the stove after each use instead of waiting until the end of the week, thinking about how we want to use folders to organize our email or files, or planning out a building project before starting. Well, think about what you would get with a pound of prevention.

So often, in the Information Technology space, we are so concentrated on how a product will work technically either; within our environment, with our applications, or with our users that we often forget to balance and document the commercial and business side of the procurement process.

In this post, I'm going to be exploring a phrase that gets thrown around a lot and what it means to me. IT Project Due Diligence. I'll cover four components that I think are critical to proper due diligence including: Requirements Definition, Score-carding, Financial Project Planning, and Financial Summary.