WARSAW, Poland, July 14 /CNW/ -- Preliminary findings from a landmark
independent, academic study on the value of project management, released today
at the Project Management Institute's biennial research conference, clearly
demonstrate that business and organizational performance can be significantly
improved through the practice of project management.
The study, "Researching the Value of Project Management," is "unequivocal
in its findings and independently validates what we've believed all along,"
said Edwin J. Andrews, Ph.D., director of Academic and Educational Programs &
Services at the Project Management Institute.
"Project management is critical in today's urgent and volatile economic
environment. Business, government and non-governmental organizations can
maximize performance and results when project management is properly
implemented within the context of their organization."
Principal investigators Janice Thomas, Ph.D. and Mark Mullaly, PMP led
this study through Athabasca University in Alberta, Canada. Their team of
nearly 50 researchers on 17 global teams completed more than 18 months of data
collection including interviews with 450 managers and executives.
The researchers' preliminary findings have been archived and can be
viewed online at www.pmi.org/value. Due to publish in October 2008, the study
will analyze project management from a detailed matrix of geography, industry
and organizational type.
"This study is the first statistically significant look at project
management from an organizational perspective," Andrews said. "It clearly
shows that everyone from top executives and project managers to
subcontractors, suppliers and other vendors recognize the value of project
management in achieving business results and meeting stakeholder expectations.
"While project managers have always recognized the value and role of
project management, executives and organizational leaders are often unaware of
the role formal project management can play in securing business results and
providing competitive advantage.
"Project Management is particularly important today as energy and
commodity prices spike and access to capital is squeezed," Andrews continued.
"As this study clearly demonstrates, project management provides critical
business solutions that can help any company or organization achieve tangible
business results and be more competitive in today's global marketplace."
Project Management Institute (www.pmi.org) is the leading advocate for
the project management profession globally. Founded in 1969, PMI has more
than 400,000 members and credential holders in 174 countries. PMI's Project
Management Professional (PMP) credential is globally recognized as the gold
standard credential in project management.
For further information:
For further information: Joe Patterson, PMI Public Relations, Office:
(610) 356-4600 ext. 1112, Mobile phone: (610) 506-9570,
firstname.lastname@example.org, Web Site: http://www.pmi.org