Theory of Project Management Revisited
Having existed for millennia, project management has attracted increasing academic interest in the last three decades. Surprisingly few attempts have been made to establish a formal theory of project management despite a general understanding such a theory is required. These attempts, some by the most renowned contemporary researchers and writers, have not been successful in establishing a theory with sufficient general acceptance to be considered a true theory of project management. This paper analyzes the current status of theory of project management research, identifies the central themes, and indicates directions for further research. Research aiming for a formal theory of project management is considered critical for researchers as well as practitioners operating in the field of project management: Many consider it the single most important issue for the future of project management.