Federal CIO Vivek Kundra has launched TechStat, a process for identifying failing IT projects that cost the government a lot of money. He says, "We're going to review investments and take decisive actions so we can terminate projects that are not yielding dividends for the American people, turn around projects that can be turned around, and halt those where we believe that there's serious issues."
My friends over at Cognitive Technologies have been involved in a number of Federal project turnarounds, so I've learned by osmosis a number of things about these troubled projects.
One of the most important issues is time tracking. If you don't track IT worker time, you cannot really know how over budget a project is. Organizations which do a good job with timesheets tend to outperform those that do not.
Curt's company has software that helps the accidental project manager.