Catapulting Productivity With IT Project Management and Corporate Governance

Jim Miller, CISSP, CISM, PMP, is a project management consultant and was formerly a vice president of an IT global information security project management office for a major financial services firm located in Irving, Texas, USA. Jim is a seasoned technology project manager with over 35 years of experience in the field.

  Information Technology   PMO   Strategy   Knowledge Shelf  

According to an article in MIT Sloan Management Review, Peter Weill and Jeanne Ross (2005) state that companies with IT governance earn at least a 20% higher return on assets than organizations with weaker governance. And according to Gartner (2000), the world’s leading information technology research and advisory company, in The Project Office: Teams, Processes and Tools:

IT organizations that establish enterprise standards for project management, including a project office with suitable governance, will experience half the major project cost overruns, delays, and cancellations of those that fail to do so. (p.1)

In other words, to thrive in today’s demanding high-tech business climate, there is no question that IT project management must enlist the aid of strategies that accelerate progress. To ensure best practice ideas, project management leaders, particularly in the IT world, must focus on keeping a team on track and above all, help to avoid costly mistakes. This is where IT project management and corporate governance come in.  

Boosting IT Efficiency
As a way to boost IT efficiency, cut costs, and improve upon project delivery in terms of time and budget, many corporations are now turning to project management and corporate governance. As a relatively newer concept, still in the early stages of development, IT project management and …

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