The complex task of amalgamating the Commonwealth Bank of Australia and Colonial Retail Bank, which was completed in three months, was recognised last night as the IT project of the year.
Selected from eight finalists at the Project Management Achievement Awards (PMAA), the Commonwealth Bank was presented with the NSW project of the year award by the Australian Institute of Project Management (AIPM).
The winning IT project involved the reconfiguration of 290 branches, 89 Colonial branches were re-badged, about 4500 staff underwent CBA/Colonial products and systems training, 5100 pieces of new IT equipment was installed and more than 600 ATMs were relocated and ATM numbers increased to raise the capacity of the network.
AIPM executive director Leigh Cunningham described it as a complex project because of the number of sites affected, the scope of the tasks and the short length of time it had to be completed.
"The sheer difficulty of the integration of the IT systems between two organisations is not an easy project to manage," he said.
"All our finalists demonstrated excellence in all areas of project management including scope, quality, cost, time and communication management."
The Roads and Traffic Authority (RTA) and Sydney Water were highly commended at the awards and recognition was also given to Sinclair Knight Mertz, AAP, McLachlan Lister, Halliburton KBR and Telstra.
The AIPM also presented a student award for outstanding achievement in course work or research which went to Lesley Bentley from UTS with a commendation to Tony Gale of UTS.
Project management is one of the fastest growing professions in Australia and according to Icon 2002 Trend Index it offers the third highest salary in the IT sector averaging $107,384 in NSW.
Last year's winner was Royal & Sun Alliance for Project Echo, the selling of small business insurance projects through a contact centre and the Web across multiple distribution channels.