Journal
INTERNATIONAL JOURNAL OF PROJECT MANAGEMENT
Volume 34, Issue 4, Pages 736-747Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.ijproman.2015.06.007
Keywords
Projects; Value creation; Benefits management; Value management; Project success; Literature review
Categories
Funding
- Centre for IT Project Management and Innovation at Aarhus University
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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. (C) 2015 Elsevier Ltd. APM and IPMA. All rights reserved.
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