The Goals of Projects and Project Management

Michael B. Bender

Ultimately, both projects and project management have only one goal: to add value to your organization. You, as an executive manager, establish the values important to the organization. You then communicate these values and establish a strategic plan to foster and improve the organization along these values.

Projects are the actions an organization performs to increase its value.

Project management, as with all activities an organization undertakes, must also add value; again, the value it adds must be greater than its cost. Perhaps a bit oversimplified, the goal of project management is to reduce the cost and time for completing projects.

To manage projects, you hire project managers ...