ABA Banking Journal 5/08 - (Page 47) Tech topics e-Project management he discipline of project management (PM) has grown up since the 1950s, getting more codified and computerized along the way. Where Gantt charts once depicted schedules on paper and “critical path method” developed by DuPont and Remington Rand showed what tasks represented the project’s irreducible timeline, there is now—for interested parties anyway—a cluster of applications on the market to get work completed. Maybe, even on budget. PM solutions are available for budgeting, measurement, and probability analysis (e.g., task completion likelihood and the risk associated with the task). They also take a hand in logistics and workflow, showing key cross-functional dependencies and the relationship among various project specialists. Given this panoply and the discipline’s sturdy middle age, one would assume that projects would run on autopilot. And yet, obstacles inevitably surface in each project pipeline The case for T By Lauren Bielski, senior editor and not always for political reasons or due to inattention, notes James DeLuccia, managing director of Intellection Strategies, one of the architects of the international credit security standard, and author of IT Compliance and Controls published by John Wiley and Sons. (www.ITcomplianceandcontrols.com) “Banking regulation has created this broader environment of control that’s positively affected IT project rollouts,” he says. “Compared to other industries, banks do fairly well and have developed a culture of project discipline; it makes sense considering all the guidance out there from organizations such as the Federal Financial Institutions Examination Council.” But banks have complexity challenges inherent in the highly transactional nature of the work. As written in IT Week, the IT services and infrastructure solutions provider Dimension Data, Scottsdale, Ariz., recently surveyed 400 CIOs about their efforts to roll out software-as-aservice projects (SaaS). One key finding? Execs are relying on conceptual frameworks for best practices and PM skills to build out a web ser- Subscribe at www.ababj.com ABA BANKING JOURNAL/MAY 2008 47 http://www.intellectionstrategies.com http://www.amazon.com/gp/product/0470145013?ie=UTF8&tag=ababankingjou20&linkCode=as2&camp=1789&creative=9325&creativeASIN=0470145013 http://www.ITcomplianceandcontrols.com http://www.ababj.com
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