February 2024
Intermediate to advanced
666 pages
17h 40m
English
Content preview from The Handbook of Project Management, 6th Edition
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Chapter 12 Managing value in projects
Miia Martinsuo
Introduction
Projects are increasingly considered processes of value creation for organizations (Laursen & Svejvig, 2016; Winter & Szczepanek, 2008). The value represents the worth of something to someone (Martinsuo, 2020; Martinsuo et al., 2019a); in the context of projects, it is the worth of the project and its outcomes to its key stakeholders. Besides economic worth, value is largely understood as a multidimensional phenomenon (Eskerod & Ang, 2017; Martinsuo, 2020; Martinsuo & Killen, 2014). Perceptions of value are highly subjective (Ahola et al., 2008; Eskerod & Ang, 2017): what is valuable to one stakeholder is not necessarily so for the other stakeholders, ...
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