An international field study that sums up 450 years of collective experience. Projects in the sample tend to be more efficient than effective. In the study sample, more than a third of all projects failed to reach acceptable effectiveness even though many met cost and schedule targets. LEP performance is significantly linked to innovative sponsors using sets of novel practices in engineering, procurement and construction. A much broader view in valuing similar to a balanced scorecard approach, should be used in studies to determine the value of project management to an organization.
Study is in the data-gathering stage.
In first quarter 2000 we will survey several hundred organizations who have implemented project management initiatives and determine the value of those implementations based on a balanced set of measures as outlined above. Since language shapes our thinking, this is an interesting lack. M. Wellington, in The Economic Theory of the Location of Railways , 1900. You are receiving this premier issue of the Best Practices e-Advisor either because you are a subscriber to our print publication, Best Practices Report , or because you have been selected to receive this newsletter because you are a practicing project management professional. Please do not reply to this message with comments or questions.