Does Reframing Organisations Theory Make a Contribution to Project Managers in the IT\Finance Industry?

Abstract

Project management has evolved over the past years and the change in technology has been one of the main driving factors. With the boom of the Internet resulting in the fast pace world of Internet banking project managers need to pay must pay special attention human resource
issues. Amongst all projects undertaken, IT/Finance Projects have the highest rate of failure. This can be attributed to many issues such as: lack of honesty, changing technology, lack of communication, unclear user requirements, lack of team spirit and lack of project management skills. The implementation of IT systems in any industry invariably results in vast changes.  These changes affect business process, required skills and staff.  In short, if the company’s maxim stated that there is only ‘one best way’, the new way of doing things around the business is sure to come as a bit of a (culture) shock. The impact of the change will surely be lessened by ample warning, preparation and training, but the high failure rate of IT projects seems to indicate that these simple measures are not being taken.

The liberty of identifying the reasons for failure in IT projects, especially in the Finance industry, has been taken in this article. As a result of the study of failure in projects, the theory of reframing organisations, Bohlman and Deal will be applied to see how this theory can have a positive contribution to project managers in IT/Finance industry.