Value management for exploration projects

Whereas exploration projects stand as important drivers in renewing the assets of the firm and creating new business opportunities, it is well recognized that project evaluation and value management methodologies are likely to kill them. This paper provides elements to solving this paradox. We rely on a longitudinal study of three exploration projects and the projects conducted afterward in the automotive and space industries. The analysis suggests that the value creation process can be regarded and managed as a dual process of potential value creation and value realization. This paper discusses the linkages with existing practices and theories.
member content locked

Become a PMI member to gain access

or Join

Advertisement

Advertisement

Related Content

  • PMI Sponsored Research

    Digital Transformations of Traditional PBOs and Modern PNWs member content open

    By Braun, Timo | Ekstedt, Eskil | Lundin, Rolf A. | Sydow, Jörg Digitalization is a phenomenon occurring across sectors and nations, affecting technical processes, organizational forms, and managerial practices. Project management, which is often used as an…

  • PM Network

    Banish Distractions member content open

    By Husted, Chad If I have learned anything in my 20-plus years of project management, it's that there is always room to grow and improve my skills. Yet, some of the best lessons I've learned about being an…

  • PM Network

    Ready, Set, Stretch member content open

    By Bishel, Ashley A strategic skill set can guarantee a static career. But for project professionals eager to be recognized, get promoted or take on more ambitious and complex projects, an expansive skill set is a…

  • PM Network

    Standing out from the Start member content open

    By Scott, Lindsay Project management recruitment professional Lindsay Scott provides career guidance.

  • PM Network

    Exit Strategy member content open

    Uncertainty looms for project professionals in the United Kingdom. But there's hope amid the Brexit chaos: Salaries are up—especially for those who change jobs.

Advertisement