Oliomogbe, GO and Smith, NJ (2013) Does the deployment of project management itself provide benefits? Both tangible and intangible. In: Proceedings 29th Annual Association of Researchers in Construction Management Conference. ARCOM, 02-04 Sep 2013, Reading, UK. Association of Researchers in Construction Management , pp. 881-891. ISBN 978-0-9552390-7-6
Abstract
In the project management literature, it has been argued that value encompasses more than the iron triangle especially as value means different things to different stakeholders along the continuum from project lifecycle to product lifecycle. However, examination of the extant literature on project management suggests that when value is discussed, it is usually considered in terms of the benefits of the project outcome. More recently, the additional value derived from deploying project management (management of projects) methodology itself has been recognised. By identifying the benefits from project management deployment and applying an intangibility test, intangible benefits were identified to be types of Organisational, Human and Social capital. The value derived from project management deployment itself can therefore be subdivided into tangible and intangible benefits; where the intangible benefit contributes to organisational competitiveness and human intellectual capital. The authors have also found that whilst organisations have an understanding of the tangible value of managing work by projects, there is a lack of recognition of the intangible value derived from undertaking the project management process itself.
Metadata
Item Type: | Proceedings Paper |
---|---|
Authors/Creators: |
|
Copyright, Publisher and Additional Information: | Reproduced in accordance with the publisher's self-archiving policy. |
Keywords: | intangible benefit, project management, value |
Dates: |
|
Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Engineering & Physical Sciences (Leeds) > School of Civil Engineering (Leeds) > Institute for Resilient Infrastructure (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 02 Jun 2016 13:47 |
Last Modified: | 23 Jun 2023 21:50 |
Published Version: | http://www.arcom.ac.uk/-docs/proceedings/ar2013-08... |
Status: | Published |
Publisher: | Association of Researchers in Construction Management |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:88371 |