The Value of Project Management

improvement initiative: "What's the value?" Today more than ever, every dollar invested must be justified, and any initiative must deliver positive and tangible results. The good news is that tangible metrics on project management value can be established by asking the right questions and developing an appropriate measurement system. Even better news is that the Center for Business Practices (CBP), the research arm of PM Solutions, has conducted industry-wide studies using a balanced family of measures that document the value of project management to organizations. In those studies, 97% of the respondents say project management adds value to their organizations. By implementing project management improvement initiatives, organizations have on average returned the following value: