ROI and Value of Project Management
By: Collin Quiring
I know in previous posts I have droned on and on about ROI. As I have mentioned in the past, ROI is a metric and is usually a financial (aka: highly measurable) item. But, “value” is really the important item to think about. While ROI is important it doesn’t always measure the true value to an organization. For example, what is the value versus ROI of the Human Resources department? From a purely measureable statistic they are a cost center but the value they provide to the organization is significant.
To that end, the Project Management Institute (PMI) has created a questionnaire that let you help determine value and priority for your organization. PMI recently completed a massive study about the value of Project Management and then compares your answers to the results from that study to help determine what sort of assistance you might need.
Take a look at it and let me know your results! The link is under the “PMI’s Practice Guidelines Tool” on the page at this URL: http://www.pmi12.org/