Finding Value in Project Management (Part 2)
“Worldwide, organizations will embrace, value and utilize project management and attribute their success to it.”
– Project Management Institute (PMI)
Understanding the value that organizations see in project management--and being able to act on that understanding in an informed way--is fundamental for turning the Project Management Institute’s vision statement into reality. And even if you are not a PMI member, all project managers should care about whether or not organizations do, in fact, recognize and attribute their success to it--as the future of your career may depend on the extent to which they do just that.
In Part 1 of this series, we looked at the limitations of a purely economic evaluation of project management, and how research by Mark Mullaly and Dr. Janice Thomas identified the extent to which organizations value project management through an examination of “fit” between how project management is implemented by an organization and its pursuit of strategic goals.
Extending the line of enquiry started by Mullaly and Thomas, two researchers at the Université du Québec in Montreal looked at the different ways in which organizations valued the contribution of their Project Management Office to organizational performance. The PMO was selected as an explicit organizational entity because it could be
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