Value-Based Approach on Project Management: Empirical Evidences on Indonesian Firms

RIBER: Review of Integrative Business & Economics Research, July 2012, Volume 1, Issue 1, p. 15-32, ISSN # 2304-1013

18 Pages Posted: 11 Jun 2012 Last revised: 3 Apr 2013

See all articles by Samuel P. D. Anantadjaya

Samuel P. D. Anantadjaya

International University Liaison Indonesia (IULI)

F. Hardianto

Harapan Bangsa Business School

Irma M. Nawangwulan

International University Liaison Indonesia (IULI) - Hotel & Tourism Management

Bobby Saputra

Harapan Bangsa Business School

Laura Lahindah

Harapan Bangsa Business School

Siska Manurung

Harapan Bangsa Business School

Date Written: July 1, 2012

Abstract

The issues surrounding project management have been studied rather extensively in many schools around the world. Though the most common perspective may have been encircled around operational management issues as the leverage to build-up necessary guidance in ensuring the success of the project, there are other perspectives to view and/or otherwise measure the actual performance of projects. The original birth process of any kinds of projects is often started individually, or group of individuals, who once have dreams to achieve improvements. The world of project management has to be filled with idea and lots of creative thinking. For this reason, project management contains both science and art elements built-in. Nevertheless, though project management is often regarded as an important field in management studies and management practices, with lots of available measuring tools, it is often wondered if, in fact, accounting perspective used in evaluating project management has conformed to the notion of value-based management.

The purpose of this study is to evaluate the value-based perspective on project management, by analyzing the impact toward value creation, as prescribed in the theory of value-based management. Qualitative and quantitative methods are incorporated in this study to understand underlying processes on project management, including project overrun. Primary and secondary data searches in this study would cover interview sessions and data attainment from numerous firms in Indonesia. The research attempts to formulate comparison between the actual and the planning of the project, including checking the conformation to the ingredients on value-based management. It is expected that the findings are able to support the notion on the organizational value creation through proper handling on the project management.

Keywords: project management, value-based management, value creation, performance measurements, Indonesian firms

JEL Classification: G30, L10, M10, L70, N60

Suggested Citation

Anantadjaya, Samuel P. D. and Hardianto, F. and Nawangwulan, Irma M. and Saputra, Bobby and Lahindah, Laura and Manurung, Siska, Value-Based Approach on Project Management: Empirical Evidences on Indonesian Firms (July 1, 2012). RIBER: Review of Integrative Business & Economics Research, July 2012, Volume 1, Issue 1, p. 15-32, ISSN # 2304-1013, Available at SSRN: https://ssrn.com/abstract=2081609

Samuel P. D. Anantadjaya (Contact Author)

International University Liaison Indonesia (IULI) ( email )

Eco Campus, The Breeze
BSD City
Serpong, Tangerang, Banten 15345
Indonesia
+62-21-5058-8000 (Phone)

HOME PAGE: http://www.iuli.ac.id

F. Hardianto

Harapan Bangsa Business School ( email )

Dipati Ukur 80-84
Bandung, Jawa Barat 40132
Indonesia

Irma M. Nawangwulan

International University Liaison Indonesia (IULI) - Hotel & Tourism Management ( email )

Indonesia, 15330
Indonesia

Bobby Saputra

Harapan Bangsa Business School ( email )

Dipati Ukur 80-84
Bandung, Jawa Barat 40132
Indonesia

Laura Lahindah

Harapan Bangsa Business School ( email )

Dipati Ukur 80-84
Bandung, Jawa Barat 40132
Indonesia

Siska Manurung

Harapan Bangsa Business School ( email )

Dipati Ukur 80-84
Bandung, Jawa Barat 40132
Indonesia

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