Is there any rule of thumb which can broadly indicate how much of the total value of a project could generally be attributed to Project Management efforts?
Of course there are wide variety of projects getting executed, conceptulized and planned across different industries. Hence such a question would be too open. But if the answer has to be in the context of Software / IT projects, then, can such indicator be worth seeking?
Let me begin by saying: Interesting questions, but it's unimportant for the PMP exam. You don't have to know this to pass.
However, if you are truly looking for an answer then I must tell you that I don't know. However, there is one source where you might find this: The PMI published the Value of Project Management Study last year. So please stop by at
and see if you want to purchase that study. I don't think that anyone else has made any real empirical studies that might give you the answer.
Until Next Time,
Cornelius Fichtner, PMP, CSM
President, OSP International LLC
Moderators: Yolanda Mabutas, Ahmed Amin, Scott Gillard, Mary Kathrine Padua, ERIC BARTLETT, Gail Freedman, Kevin Nason, Steven Mudrinich, PMP, Mark Wuenscher, PMP, John Wolverton, Tracy Shagnea, PMP, Jada Garrett
This interview with Simona Fallavollita (LinkedIn Profile) was recorded at the magnificient Project Management Institute (PMI)® Global Conference 2017 in Chicago, Illinois. We discuss the how, what, why and when of the changes that are coming to the PMP exam.