Project Value Creation: a Conceptual Framework

Purpose The article examines the process of value creation in projects to address the following questions: How can we better understand value creation in projects? How is value created in projects? The main topic of sustainable value management is currently the subject of extensive scientific research, covering a wide range of aspects, from terminological issues to the impact of sustainability factors on company development. To date, researchers have explored value creation in projects to a limited extent. This article explores research on value creation in projects. Design/methodology/approach We used a Delphi method in the form of expert interviews with specialists in relevant fields. The interviews drew on the professional knowledge of experts and their experience related to a specific domain. Findings The findings focus on how organizations create value and identify key assets and activities involved in value creation. To maximize the benefits, this study developed a conceptual framework that outlines the assets, activities, and approaches to managing projects. Originality/value The article is conceptual in nature. A review of the relevant literature examines trends in the interpretation of value creation within the context of project management.