The Mindset for Creating Project Value

Abstract

The Triple Constraint (TC) paradigm constitutes the conceptual foundation of project management. But its effectiveness is limited, documented by the high project failure rates, and the strong critique of several authors who point out a lack of a theoretical base. This book reports on a study that suggests an alternative project management paradigm allowing an integrative perspective of the different lines of critiques. From the general critique of the theoretical foundations of the current project management paradigm we derived the Project Value paradigm. It enables a reevaluation and expansion of the widely discussed limitations of the TC paradigm. Derived from the economic theories of entrepreneurship, the Project Value paradigm ...