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The so-called “millennium bug” is a pressing current challenge. A December 1997 AICPA survey placed the Year 2000 (Y2K) problem among the top five technology issues for 1998. For many firms, resolution of the year 2000 problem is critical to organizational survival (Allen 1998; ISACA 1997, Jenkins 1997; Kappelman 1997; Violino 1997). Successful completion of a year 2000 compliance project requires thorough risk assessment and effective project management—skills which are needed in any significant IT initiative. In addition, there is a pressing need for skills and knowledge that are unique to the year 2 000 problem, including the use of new tools for assessment and renovation, understanding of the implications of various conversion choices, and other Y2K-specific concerns.

Y2K and euro project management: lessons learned