Cost and value management in projects - ISBN:0470069139

Cost and value management in projects

Date: 22 April 2011, 13:41

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The past 30 years have witnessed a dramatic increase in the number and variety of organizations engaged in project-based work. In addition to ‘‘traditional’’ project-oriented industries, like construction, aerospace, and pharmaceuticals, service industries as diverse as finance, utilities, telecommunications, and insurance are beginning to embrace projectbased ventures. This paradigm shift is due to growing recognition that projects and their effective management can provide organizations with a significant competitive edge through cost reduction, enhanced responsiveness, and overall value to customers. Consequently, a number of organizations have adopted many of the well-known techniques of project management, and professional project management organizations have witnessed marked increases in membership.

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