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Smith outlined the proposals at the Computing Services & Software Association (CSSA) procurement conference in London earlier this week. They include a new framework for the leadership of projects and high-level value-for-money guidance.
The programme is designed to put an end to the cost and time overruns associated with previous high-profile IT project failures.
Referring to public sector IT disasters such as the Passport Office, Smith said, "Our track record has not been as good as it could be."
He also revealed that the Meteorological Office, the Department of Health, and the Charity Commission will test a new approach to project leadership in live procurement projects as part of the programme.
The proposals are the brainchild of the Senior IT Forum, which brings together representatives of the public sector and the IT industry. Launched last year, the forum is sponsored by the Office of Government Commerce and the CSSA.
Government officials claim that the proposals complement the Government's Gateway Review process for civil central government that was announced earlier this year to ensure that projects deliver long-term effectiveness.