In today’s highly competitive marketplace, organizations  want more from project management than on-time, under-budget  delivery. Just like labor, technology and equipment, project  management is seen as a corporate asset that is expected to contribute  to the bottom line. It must deliver a profitable return on investment  if it is to become a strategic business asset, and not just another  drill press in the corporate tool crib.    In Quantifying the Value of Project Management, William Ibbs and  Justin Reginato, from the University of California at Berkeley,  explore real-world data from 52 U.S. corporations and find the key to  a high return on investment. It is project management maturity. Mature  project management departments have more on-time, under-budget  projects; less variable schedules and expenses; and decreased cost  ratios. Project management maturity benefits extend to the parent  company where Dr. Ibbs finds lower utilization rates, higher  production rates and lower operating costs. Dr. Ibbs shows how to  assess project management maturity and track its development.    The details of these groundbreaking discoveries are presented in a  style that combines the wit of Fortune magazine with the  sophistication and rigor of an academic contribution to the Project  Management Journal®.    If you are looking for a comeback to those who want proof of project  management’s corporate value, Quantifying the Value of Project  Management lays out all the evidence you need.

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