کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
275858 | 1429680 | 2014 | 10 صفحه PDF | دانلود رایگان |
• Combining qualitative and quantitative benefits of PM in relation to costs of PM
• Used data for costs and benefits from an insurance company over a nine-year period
• Found strong correlation between costs and quantitative and qualitative benefits
Project management (PM) has progressed through several evolutionary stages and has become established as a well-known management method. Despite its increasingly widespread use in all industry sectors, a central question remains: what demonstrable economic benefit does PM provide? Because past research does not conclusively answer this question, we developed a model to determine the return on investment (ROI) of PM and to unite the costs and benefits of PM. As a case study, the necessary cost and benefit data were obtained from an insurance company over a nine-year period. The relationships between various aspects of costs and benefits were analyzed. The results show clear relationships both between the costs of and investments in PM as well as between the qualitative and quantitative benefits of PM.
Journal: International Journal of Project Management - Volume 32, Issue 4, May 2014, Pages 603–612