Project management models as value creators
Although every individual project is a unique endeavor, many projects share common elements. This fact is critical when organizations are concurrently implementing similar-type projects. This article examines the findings from five case studies--each involving a Scandinavian-based organization--to determine the advantages of using a common project management model when implementing similar types of projects. In doing so, it overviews the flexible and common project management model that telecommunications leader Ericsson has long used, a model--known as PROPS--that is one of four examined in this study. It identifies four reasons--which the authors discovered through their case studies--for creating a common model and the three questions which informed the authors' approach to understanding how project management models generate value.
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