By David Bicknell
A report from Australia has suggested that scrapping the chief information officer’s (CIO) role and replacing it with a change division enabled Bendigo Bank in Australia to slash its IT project failure rate.
According to an article in ITNews, establishing the change division prompted better project delivery priorities and outcomes over the past two years, and may have improved the rate of successful projects by 50 percent.
ITNews reported that, “In early 2010, the bank’s CIO Andrew Watts became the executive of a new ‘change’ division, which included 140 technologists, such as business analysts and project managers.
“Those technologists joined some 60 staff from elsewhere in the business, with the division aimed at overseeing business architecture and project delivery across ‘people, process and technology’.
“Other technologists formed a rebranded ‘technology services’ team, led by general manager Gary Doig and charged with managing the bank’s IT operations.”
Bendigo Bank believes that high business ownership across its projects has become one of the most important foundations to deliver project success.