When failure is not an option

If your IT projects are continually late, over budget and boast a high failure rate, then you might be able to glean some insight on how to turn the tide on such a trend. As A.G. Edwards, a brokerage firm, learned all you need to do is reinvent or rebuilt a project management office, nail in a stable and solid standard framework and get your IT team passionate about making projects hit the success finish line. Once A.G. Edwards got those three element in place, its project success rate of about 50 percent soared to over 80 percent. It's also had a huge impact on the financial side of the business.

For more on revamping project management strategies:
- read this CIO article