A post-implementation evaluation report (PIER) must be prepared by the Agency/state entity following the completion of each IT project, unless the Agency/state entity has entered into an interagency agreement with the Department of Finance’s Office of State Audits and Evaluations (OSAE) under SAM Section 4943.The PIER shall: 1. Measure the benefits and costs of a newly implemented IT application or system against the most recently approved project objectives; and 2. Document projected operations and maintenance costs over the life of the application or system. No project is considered complete until the PIER has been approved by the Department of Technology or by the Agency/state entity director, as appropriate. Approval of a PIER by the Department of Technology or the Agency/state entity director, as appropriate, terminates the project reporting requirements.