Copy Code

APM has launched its latest Research Fund report: The importance of conventions

Save for later

Favourite

Posted by Kirsten on 12th Oct 2017

Authored by Dr Peter Hill PhD MSc BA (Hons), the research reflects current practices in cost-benefit analysis, arguing that traditional economic evaluations should not claim objectivity. Such claims are not only unrealistic but impossible.

“Politicians use statistics in the same way that a drunk uses lamp-posts – for support rather than illumination” (Lang, 1900).

Taking a fresh look into this field of research, Dr Hill debates new ways of undertaking the challenge of evaluating the cost of a project and its long term benefits.

“Many public and third-sector projects remain under/un-evaluated. Far too often, nobody is left after project closure to evaluate the long term benefits of public and third sector projects.

In the United Kingdom, demonstrating ‘Value for Money’ has become a central obligation of projects and programmes in the public and third sectors – an obligation which remains closely scrutinised by the National Audit Office who calls on organisations to demonstrate they are delivering their intended policy outcomes, while also showing economy, efficiency and effectiveness.  

The research explores how alternative conventions can be can be adopted to better explore social issues and associated moral judgements.

‘Perhaps Bezzi (2006) is correct: the evaluator should not seek an ‘objective truth’, but just the ‘truth’ surrounding those who are the subject of evaluation and the focus of policy.’

The report has laid the foundation for countless opportunities for future research, especially how frameworks such as SROI work in practice and how we can truly gauge what’s a project worth and to who?

Commenting on the research, research sponsor and APM research manager Daniel Nicholls said:

“This complex issue sits at the heart of many public organisations. As budgets and spending are put under ever greater scrutiny, it is vital our projects reflects the needs, wants and values of the stakeholders we are delivering project too. This research is pivotal in understanding the next steps to truly homing our industry’s skills in evaluating our projects and ensuring absolute value for money for the public purse.

Download the report 

Comments on this site are moderated. Please allow up to 24 hours for your comment to be published on this site. Thank you for adding your comment.
{{comments.length}}CommentComments
{{item.AuthorName}}

{{item.AuthorName}} {{item.AuthorName}} says on {{item.DateFormattedString}}:

Share this page

Recommended blogs

Climate change and project management by Peter Morris

1 November 2017

Climate change is one of the biggest challenges facing mankind, but what is the profession of project management doing about it? There are important exceptions but by and large the profession is fairly quiet on the subject.

Save for later

Favourite

Project management and addressing climate change issues

6 December 2017

Which aspects of project management are relevant to dealing with climate change? The answer is virtually all of them. This extract focuses on project managements' 'role in addressing climate change issues and a comment by APM chair, John McGlynn.

Save for later

Favourite

Recommended news

Event

APM publishes Industrial Strategy policy briefing

4 December 2017

APM has published its policy briefing on the Industrial Strategy White Paper. The briefing outlines what the government’s white paper means for the project profession - highlighting key points and policies from this highly anticipated report.

Save for later

Favourite

Event

Agile Summit paper released

23 October 2017

APM held an Agile Summit with its corporate partners, government bodies and key stakeholders to start the process of shaping the APM’s position on agile project management in the wider context of professional project delivery.

Save for later

Favourite

Join APM

Sign up to the APM Newsletter.