Quantifying the Value of Project Management

Introduction

Project management has become a critical resource for all 21^st Century organizations, whether they are for-profit companies, not-for-profit organizations, or government agencies. Yet precious little is known about project management. For example, what project factors lead to successful projects, which project management processes are most important, even what is project success? Speculation and anecdotal experience abound, but little reliable, scientifically-developed, factual information is available to guide senior executives through the project management minefield.

To help answer these and other questions in a more credible and reliable manner, the Project Management Institute (PMI^®) provided seed funding for research at the ...