Understanding the value of project management from a stakeholder's perspective
case study of mega-project management
The value of practicing project management has long been a hot issue of debate within the management and executive fields. This article examines the multi-dimensional value of using project management to realize megaprojects, outlining a proposed value framework--applied in this article to a case study megaproject in China--focusing on the stakeholder's perspective. In doing so, it defines two key concepts: the value of a project and the value of project management; it overviews the field's literature on the value that project management generates as well as the types of stakeholders involved in projects. It explains the concept behind the authors' multidimensional framework for gauging the stakeholder's view of the value of using project management on megaprojects. It describes the evolution of project management at the case study company, China's SHRBC Company.