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Some Answers, More Questions

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Well, the session on Researching the Value of Project Management has come and gone. It was captured on video and is now available through www.PMI.org.  Dr. Janice Thomas and Mark Mullaly did a great job in the presentation. They are working virtually around the clock digesting the 600 pages of documentation to deliver comprehensive, yet clear results. The good news is that there is ... well, good news!

The conclusions are very positive about the value that project management contributes to organizations worldwide. Their evidence points to the fact that it's not only tangible results that were achieved, but also intangible, such as better enterprise-wide decision making, more effective work culture, and stronger and clearer communication. In fact, they have identified a clear relationship between project management maturity and a rise in intangible benefits.

There are two other interesting points I came away with. First, none of the 65 organizations measure ROI of the project management. I guess I was surprised by that. Janice and Mark shared they felt that it seemed that it was either a lack of interest in the metric (go figure!), a fear of accountability (paranoia of job security), or perceived complexity of the measurement. I would have thought that more would have measured such a major investment. The other issue is that one of the real intangibles of mature project management competency is the ability to better deploy strategy. To me, this will be one of the greatest executive selling points. If we can clarify this ... make it more than anecdotal evidence ... we should be able to drive more investment in a mature project management competency.

Oh, and one more thing. I think we are going to see a lot more questions than answers from the study. Believe it or not, I am excited about that. The profession is rich with curiosity. PMI needs to continue to fund research to answer these questions. More importantly, challenging questions will be answered by talented researchers, and talented researchers will help build a cadre of competent faculty.

We are at an impasse, though, in that the study has not been fully digested. When I said that Janice and Mark are working round the clock, I meant it. They have an early August deadline to complete the analysis and submit the final manuscript for publication. The study monograph will be published in the early fall for all of us to read. I hate waiting for something I really want and need! However, I have waited four years for this, so I guess a couple of months more won't kill me! However, don't wait. Go to the website and see and listen to Mark and Janice yourself. It was a very polished and informative presentation.

More later.

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