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Organizational Project Management

Theory and Implementation

Ralf Müller, Nathalie Drouin and Shankar Sankaran

This concise text introduces an integrated view of all project management-related activities in an organization, called Organizational Project Management (OPM). Practical cases from several organizations, as well as popular theories such as the Resource-Based Theory and Institutional Theory provide for an insightful yet realistic understanding of OPM as an integrative tool for organizations to improve their efficiency and effectiveness.
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Chapter 9: Resource-based theory and OPM

Ralf Müller, Nathalie Drouin and Shankar Sankaran

Extract

In this chapter we propose to link and explore the relationships between OPM and resource-based theory (RBV) for firms to achieve a sustained competitive advantage. RBV suggests that organizations possessing resources that are valuable, rare, or difficult to imitate or substitute can achieve sustained competitive advantage. Valuable resources provide economic value to firms and rare resources are unique and difficult to copy. The chapter starts with the foundations and history of RBV and then continues to apply this to OPM, its resources and activities. Subsequently, OPM is discussed from an RBV perspective as a resource in itself but also as a means to orchestrate resources. This provides an opportunity to understand the mechanisms through which OPM delivers competitive advantage.

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