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CITPI research in premier journal on project management

Originating in the rethinking project management research at CITPI the doctoral research on project value creation shows first results

2015.09.16 | Dorte Midtiby Sørensen

Laursen and Svejvig has published the following paper: Laursen, M., Svejvig, P., Taking stock of project value creation: A structured literature review with future directions for research and practice. International Journal of Project Management. doi: dx.doi.org/10.1016/j.ijproman.2015.06.007 

The paper belongs a special issue on ‘Project benefits management’ in the International Journal of Project Management.

Abstract for the paper: This paper aims to take stock of what we know about project value creation and to present future directions for research and practice. We performed an explorative and unstructured literature review, which was subsequently paired with a structured literature review. We join several research areas by adopting the project value creation perspective on literature relating to benefits, value, performance, and success in projects. Our review includes 111 contributions analyzed through both an inductive and deductive approach. We find that relevant literature dates back to the early 1980s, and the still developing value-centric view has been the subject of many publications in recent years. We contribute to research on project value creation through four directions for future research: rejuvenating value management through combining value, benefits, and costs; supplementing value creation with value capture; applying a holistic approach to project, portfolio, and strategic management; and theorizing by applying independent models and frameworks.