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When I went to Business School many years ago, we were taught that there are 3 great processes that drive a business; they were sales and marketing, production, and accounts. Today we would have to add IT and it is deeply interwoven with all of the others.
Any IT project requires at least a passing familiarity with how it impacts across the whole enterprise.
At the same time, the range of specialisations within IT have also grown. You would not ask a graphic designer to develop a database, or a network specialist to build a website.
Project management in this environment is all about understanding and specifying what you are trying to produce and then getting the right people all working together to efficiently deliver the end product.
The reason that many IT projects go wrong or go over budget, is that they are poorly specifies and/or poorly executed.
Trust In IT has a team of specialists who are used to working together and understand each other because they have been working together for many years and employ a common set of tools that make it easy for them to collaborate.