Measuring the Value of Project Management

In the last few years many companies around the world are spending lots of money in project management. They realized that it is important to work with a structured project management methodology. But, how do we get top management committed to project management? How can we prove that spending money in project management worth? Regardless of how much literature exists in the area of effective project management, executives will not become committed until they see the system operating effectively and producing the expected dollar value of profit on the bottom line of the projects. This conducts us to the controversial discussion about the results of PM methodologies application considering the return over the investments. In order to contribute to the evaluation of PM value in organizations, this paper discusses one possible systematic to measure the value of project management, trying to establish a connection between the investments in project management and the financial return obtained by the companies.