Good results yield ... resistance?
A study proving that project management pays is met with denial at one Fortune 500 company
A recent study of project management groups in Fortune 500 companies indicated that their major challenge is communicating the financial benefits of project management. This article offers a number of measurement methods for demonstrating the value of project management. Momentum analysis is a method of establishing measurement benchmarks for comparison with the results of later efforts. Another method involves proving that project management can reduce lead time to market by improving project cycle times and enabling the company to react faster to market changes. Project managers will be more successful in promoting their discipline if they can demonstrate concrete financial benefits to senior management.