The Growth in Importance of Project Value

By Harold Kerzner, Ph.D.

Abstract

Project teams must have a project value mindset. Project management literature is now focusing on how projects create value for customers and stakeholders rather than just deliverables. This will require a better understanding of benefits and value, closer collaboration with clients, and a realization that metrics other than time, cost, and scope will be necessary. There will be a significant growth in the use of value metrics for customer reporting. Techniques such as Agile and Hybrid methodologies are already using value metrics. Value is now getting the attention it truly deserves.

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Harold Kerzner, Ph.D

Dr. Harold Kerzner is a globally recognized expert in project, program, and portfolio management, innovation, and strategic planning, and Senior Executive Director at International Institute for Learning (IIL). For over 50 years, Dr. Kerzner has shared vital guidance for making project management a strategic tool for competitive advantage and helping companies around the world build a powerful foundation for company improvement and excellence. 

He has authored or co-authored more than 60 textbooks/workbooks on project management, including multiple editions of his seminal works. His books include Project Management: A Systems Approach to Planning, Scheduling and Controlling; Project Management Metrics, KPIs and Dashboards; Project Management Case Studies; Project Management Best Practices: Achieving Global Excellence; The Future of Project Management; Using the Project Management Maturity Model; and Innovation Project Management.

Dr. Kerzner holds an MS and Ph.D. in Aeronautical and Astronautical Engineering from the University of Illinois and an MBA from Utah State University. He taught engineering at the University of Illinois and business administration at Utah State University, and for 38 years taught project management at Baldwin-Wallace University. A testament to Dr. Kerzner’s profound influence on the field is the establishment of the Kerzner International Project Manager of the Year Award. This prestigious award, presented annually by the Project Management Institute (PMI) which recognizes outstanding project managers who have demonstrated exceptional leadership, innovation, and contributions to the project management profession.

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