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Study: Global Business Performance Significantly Improved Through Project Management
Date:7/14/2008

WARSAW, Poland, July 14 /PRNewswire-USNewswire/ -- 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The researchers' preliminary findings have been archived and can be viewed online at http://www.pmi.org/value.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
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SOURCE Project Management Institute
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