ABSTRACT
How important are projects to any given organization? It varies depending on the type of organization. In many industries (construction, US Department of Defense contractors, product development and marketing including electronics, automotive, medical devices, pharmaceuticals, and many more), projects generate or enable up to 99% of corporate revenues. In other industries (energy generation and distribution, Internet and cable providers, hotel and restaurant chains), day-to-day operations are what is viewed as paying the bills, but these operations too are enabled by critical projects: nuclear plant refueling, oil well and pipeline creation, erection of cellphone towers, residential and commercial construction, and so on. Even industries such as banks, insurance companies, department stores, and hospitals have whole departments like IT that are often more than 90% project-driven and without which the larger corporation would be substantially disabled.
