Characteristics of Project Management Assets and Project Management Process Outcomes: An Exploratory Factor Analysis

The resource-based view of the firm from strategic management literature is applied to examine project management as a source of competitive advantage. In this view, assets contribute to competitive advantage if they add economic value, are rare, are difficult to imitate, and have organizational support. This research examines project management assets and project management process outcomes in a cross-industry study that attempts to replicate findings from a prior study, using the same survey tool with a larger sample. Exploratory factor analysis extracted four factors that comprised characteristics of project management assets that are valuable, rare, and inimitable, three factors that comprised of organizational support for project management assets, and two factors that comprised of project management process outcomes. The extracted factors mostly replicated the findings from the prior study; differences emerged in the factors that comprised of project management assets.