Lloyds TSB has rolled out project management software to 4,000 staff to improve the management of projects and help ensure that IT investment is in line with business goals.
The high street bank is using software from Business Engine, called Ben, to provide development teams with a central repository for all information related to a project.
It also provides management information on progress, cost, project risk, resource requirement and resource allocation.
Other users of Business Engine software include investment bank Deutsche Bank, Merrill Lynch, pharmaceutical company Pfizer and Siemens.
Over the past 20 years project management software has become widely used as companies strive to improve the success rates of IT projects.
The management of UK IT projects is improving, according to extensive research commissioned by Computer Weekly.
The Computer Weekly Project/Programme Management Survey, published in 2003, surveyed 1,500 IT project managers across the UK in all industry sectors. It found that although just 16% of IT projects hit their targets on budget, schedule and scope many more only narrowly missed their targets.