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Taking stock of project value creation: A structured literature review with future directions for research and practice

Published on May 1, 2016in International Journal of Project Management4.69
· DOI :10.1016/j.ijproman.2015.06.007
Markus Laursen3
Estimated H-index: 3
(AU: Aarhus University),
Per Svejvig6
Estimated H-index: 6
(AU: Aarhus University)
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Abstract
Abstract This paper aims to take stock of what we know about project value creation and to present future directions for research and practice. We performed an explorative and unstructured literature review, which was subsequently paired with a structured literature review. We join several research areas by adopting the project value creation perspective on literature relating to benefits, value, performance, and success in projects. Our review includes 111 contributions analyzed through both an inductive and deductive approach. We find that relevant literature dates back to the early 1980s, and the still developing value-centric view has been the subject of many publications in recent years. We contribute to research on project value creation through four directions for future research: rejuvenating value management through combining value, benefits, and costs; supplementing value creation with value capture; applying a holistic approach to project, portfolio, and strategic management; and theorizing by applying independent models and frameworks.
  • References (115)
  • Citations (33)
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References115
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#1Marina Stoshikj (University of Vienna)H-Index: 4
#2Natalia Kryvinska (University of Vienna)H-Index: 13
Last.Christine Strauss (University of Vienna)H-Index: 22
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#1Edward W. N. Bernroider (WU: Vienna University of Economics and Business)H-Index: 16
#2Christina W.Y. Wong (PolyU: Hong Kong Polytechnic University)H-Index: 29
Last.Kee-hung Lai (PolyU: Hong Kong Polytechnic University)H-Index: 45
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#1Jonas Söderlund (BI Norwegian Business School)H-Index: 27
#2Rene Bakker (QUT: Queensland University of Technology)H-Index: 10
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#2Mouxuan Sun (DUT: Dalian University of Technology)
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#1Pelle Lundquist Willumsen (DTU: Technical University of Denmark)H-Index: 1
#2Josef Oehmen (DTU: Technical University of Denmark)H-Index: 10
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#1Marina Bos-de Vos (TU Delft: Delft University of Technology)H-Index: 1
#2Leentje Volker (TU Delft: Delft University of Technology)H-Index: 8
Last.Hans Wamelink (TU Delft: Delft University of Technology)H-Index: 3
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#1Eva Riis (University of Southern Denmark)H-Index: 2
#2Magnus Hellström (Åbo Akademi University)H-Index: 7
Last.Kim Wikström (Åbo Akademi University)H-Index: 12
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