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The primary reason for studying failed projects is to become more successful. Although many people have opinions on this topic, few possess sufficient experience to discuss it credibly.

Given all the opinions about IT success and failure, I decided to assemble a roundtable discussion at Focus.com with two genuine experts; Steve Romero and Todd Williams have each spent years coaching enterprise customers on the full range of issues that lead to IT success.

Steve Romero is a former IT governance evangelist at CA Technologies. He is author of the book Eliminating Us and Them, which explains how governance can align IT and lines of business. Todd Williams is a project turnaround expert and author of Rescue the Problem Project, a great handbook for making challenged projects successful. Both these gentleman are consummate experts in the field and deserve your attention.

The roundtable begins with a discussion of why projects fail and then leads into ideas for improving the situation. We talk about the role of investment in defining a project, expectations and perceptions, change management, IT / business alignment, and so on.

You can listen to a recording of the entire roundtable by clicking the audio player at the top of this post. In addition, read the transcript below.