Value of Project Management- Now a Quantifiable Study

By Kristen LaBrosse, CAPM

The real value of project management is not just a general consensus among professionals within the project management industry, but has been proven in a quantifiable study.

Everyone who is experienced in the Project Management industry knows the value of a PMP certification. You can sense it in the increased communication and efficiency of the project team, feel it in improved productivity in the day-in-day-out tasks, and see it in the cost savings strategies implemented and in the improved bottom line figures. But what is the real value to organizations of using a Project Management Professional and implementing PM industry standards to their projects?

In pursuit of answering this very question, PMI commissioned a three-year study on the “Value of Project Management” that looked at over 60 case studies from projects in various industries and around the globe in order to ascertain benchmarks for companies to calculate the ROI when they implement industry standard project management programs. 

A quote by Edwin J. Anders, PHD, director of Academic and Education Programs & Services at PMI, encapsulates the importance of this study very well:

“The Value of Project Management research findings have attracted special interest at our fifth biennial research conference.  This is the most definitive research ever commissioned to study the value of the implementation of project management.  The findings are expected to quantify that project, program, and portfolio managers are making significant contributions to organizations by implementing standardized project management programs to deliver projects and programs on time and within budget.  Full report findings will be published and released in October.”

This video provides an overview of the Value of Project Management study. The report not only describes the value add that Project Management Professionals provide, but also the negative effects of the lack of investment in PM development. The takeaway of his study has been deemed worthy for review by both Project Managers and Executive leaders alike in order to improve Project Management investment decision-making.

Part of this reports talks about the need for focus on continuously adding value within organizations. Companies who stop focusing on value, or think that they may be “done” with investing in PM development, have the history of actually destroying value within their organization. A continuous focus on actively providing value is crucial in order to maintain a viable company, let along a thriving one.

So what can you take away from reviewing this Value of Project Management Report? Perhaps a different view of how your own organization conducts projects, and a better idea of why an increased focus on investing in the professional development of Project Managers can add quantifiable value and results. 

Thanks for reading,


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