Per a recent comment by Dr. Paul Gianmalvo (URL here, post and comment here), the results of the value of PM study do sound like they simply confirm the value of motherhood, apple pie, and clean living. As Paul notes:
Yes, project management adds value. Of course it does!!! What alternatives are there?
I agree that the answer is obvious: competent project management is indispensable. In fact, I believe that outstanding project management is a competitive advantage. But that fact hasn’t always been obvious to the folks who approve project management: senior executives. When pitching PMO and other project performance improvement initiatives, too many project management professionals launch into assertions of the value of PM. I know… I’ve done it and see it again and again.
To me, the stunning results from the study are not that PM has value, but how poorly we still calculate and communicate the returns on our organizations’ investments. Only 50 percent of PM organizations bother to calculate ROI? Those must be some confident, complacent, or perhaps foolish PMOs.
When it comes time to show benefits from a PM improvement program’s outcomes, silence is death.
Filed under: Business Case, Communications, Leadership, Organizational Change Management, Performance Management, PMO, Portfolio Management, Program Management, Project Management, Strategy Management | Tagged: customer satisfaction, customer value, Global Corporate Council, Janice Thomas, Mark Mullaly, PMI, Project Management Institute, public relations, Researching the Value of Project Management, ROI, SAP Success Stories, Value Destruction, Value of Project Management |