The reality is that too many projects are significantly delayed due to insufficient focus being put on the risks involved, with consequent losses to business or escalating costs. Project success is elusive. It is clear that making the right choices concerning the essential trio of people, time, and budgets, will yield competitive benefits and help control risk. There are a number of initiatives taking place that aim to make IT management less of a black art, and make IT more transparent to business executives.

It is only through better visibility and availability of information that IT operation can improve transparency and the risks are more widely understood. One of the vendors at the forefront of this approach is CA. Project Portfolio Management (PPM) combined with risk management within an IT governance framework allows project resources to be marshalled optimally, the risks fully understood, and lessons learnt in post-deployment to be fed back to development. Throughout project management the emphasis is now on delivering business value.