Project Value: A literature review
In the last years, the idea that project value is made by sum of tangible and intangible
elements (PMBok Guide, 2017) became commonly accepted; the need for an holistic
approach supplementing value creation with value capture have been also recently
highlighted (Laursen & Svejvig, 2016); nevertheless there is still not a clear and
exhaustive definition in literature that clarifies which are the elements whose sum would
constitute project value and what factors drive them.
In order to identify and report the state-of-the-art regarding project value concept, the
present study consists in a systematic review of literature that aims to provide a definition
of project value and to define the project value driving factors.
This research not only contribute to academic research in the field of benefit and portfolio
management but also lays the foundations for a multidimensional model that would take
in account the multitude of aspects identified, providing a practical way to custom,
esteem and compare project values.