The concept of project management innovation is submitted and particular characteristics of IT project management innovation are depicted. The stages of innovative IT project development cycle are described. The characteristics that differentiate innovative IT project management from traditional IT project management are enunciated. The factors that influence the innovativeness level are studied and appropriate indicators are generated. Properties of the above mentioned indicators are analyzed. The quality of the proposed indicators is analyzed and ways for increasing the degree of innovativeness of the project are proposed. Conclusions are formulated on the topic of innovative project management. Access full paper here.