26.2. Project Management Maturity Cost Perspective
The literature also has anecdotal information about the value of project management and the effect of its maturity on project performance and costs. Although most of this information is qualitative, some is quantitative.
In the late 1970s, the construction industry business round table conducted a quantitative study. It showed that successful companies spent between 6 percent and 8 percent of total construction costs on construction project management. However, this study did not quantify the effects of the maturity of the project management processes on the cost of construction project management.
In the mid 1990s, the Project Management Institute (PMI®) began supporting research on the value ...
Get The Power of Enterprise-Wide Project Management now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
