The Project Management Institute (PMI) is trying to prove that project management adds value. Their proof will come as a stunning surprise to no one. Project management is the expense of implementing a project, not the value. If the project is worthwhile, the project is worth the expense. At its best, good project management will minimize the expense.
Why Does Someone Start a Project?
People don't usually start projects for the joy of doing the project, they do it because they want the value that the project adds. For example, someone wants a bridge over the river, so they go through the process of planning and constructing the bridge. Does the construction add value? No, its the bridge that adds value, the construction is the expense of having the bridge.
When someone decides to implement an ERP system, they are not doing it for the pleasure of examining their processes, changing them and implementing them through some new piece of software. They do it because they want to plan their enterprise resources. The project management and the project are the expense of doing that.
What is the Correct Question?
Someone may ask if there is enough value in the bridge or in having their resources planned? These are excellent questions, which in many cases should be closely scrutinized before beginning a project. However, once the decision has been made to execute the project, project management is the expense of executing the project.
An expense is an expense, how can it have an ROI?
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