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No matter how small, disciplined project management is critical to meeting today’s metrics for a successful project.
A recent video at e-Week on the subject nails it on the head:

With resources so precious, virtually all IT projects are under intense scrutiny by C-level executives looking to cut costs. Adding to the pressure, many departments have fewer staff to carry out projects and morale is low as employees anticipate additional cuts.
As a result, project management becomes more important in today’s bad economic conditions. IT project managers need to take into account and understand how the downturn may affect their operations and take then appropriate actions.
From QuickBooks Enterprise to Sage MAS 500 ERP and SalesLogix CRM implementations, IncorTech has significantly revamped our own internal practices for project management to dramatically improve project delivery. The result: Customers feel more in control of project budgets and we’ve been performing with greater consistency in every project.
Has the current economy forced you to re-evaluate the importance you place on project management in your own business? What steps have you taken to become more effective at project management? Have you emphasized education (PMP Certification, etc)? Have you performed internal process reviews?