Project management needs a paradigm shift. The old model is flawed. Targeting scope-time-cost constraints is not enough. The traditional project management life cycle methodologies, such as initiate/plan/execute/close, focus on the triple constraint but not on the ultimate project goal of achieving business value. We need a new standard, where value attainment is paramount. A value-centric project life cycle methodology has the power to deliver consistent optimal business returns on project investments. This
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