The CityTime Project has as main deliverable, an automated system designed to streamline employee timekeeping in New York City. Federal prosecutors in Manhattan charged some CityTime consultants with an $80 million fraud scheme that began in 2005. Gerard Denault, an executive of the company that is overseeing CityTime, was charged with receiving over $5 million in kickbacks for his work as the project’s senior manager. The project has had large cost overruns and delays. The administration of mayor Bloomberg is handling this situation as a big scandal that is threatening to sink their credibility.
In situations like this, I remember that one of the main objectives of following a recognized methodology is protecting the Project Manager. Another thing that comes to my mind is the importance of following an ethic code like the one of PMI. Finally, I remember something that I heard from a company's president: a good system deployment is not important, but a bad one could sink the company's president. My conclusion is that spending some money on a good system to oversee projects is always a good investment. Consider an EVMS in your core strategy to avoid this kind of risk.