F1 Published independent work of art
Project value creation: sensemaking, shaping and monitoring in a project network
Authors: Martinsuo M
Editors: Winch {M, Brunet M, Cao D
Publisher: Edward Elgar
Publication year: 2023
Book title : Research Handbook on Complex Project Organizing
Series title: Research Handbooks in Business and Management series
ISBN: 9781800880276
Web address : https://researchportal.tuni.fi/en/publications/181b6f4e-b67b-473e-83ec-8b2e6dd53f74
Abstract
Value creation in projects is especially challenging when it deals with a complex system and multiple stakeholders are involved. Complex systems require careful consideration of the processes of value creation in a project network. Each stakeholder may have its own expectations of value, processes of value delivery, and criteria for assessing project success. Yet, stakeholders need to collaborate, share their views, and adhere to joint rules of governance in a project network, when pursuing project value creation. This chapter explores project value creation in project networks and introduces a conceptual framework of its three modes: sensemaking and negotiation, shaping and co-creation, and monitoring and control. Attention is drawn to the cognitive, operative, and evaluative processes of value creation in project networks as well as material and immaterial nature of value creation. Future research is proposed, both concerning the conceptual framework as a whole and its three modes separately.
Value creation in projects is especially challenging when it deals with a complex system and multiple stakeholders are involved. Complex systems require careful consideration of the processes of value creation in a project network. Each stakeholder may have its own expectations of value, processes of value delivery, and criteria for assessing project success. Yet, stakeholders need to collaborate, share their views, and adhere to joint rules of governance in a project network, when pursuing project value creation. This chapter explores project value creation in project networks and introduces a conceptual framework of its three modes: sensemaking and negotiation, shaping and co-creation, and monitoring and control. Attention is drawn to the cognitive, operative, and evaluative processes of value creation in project networks as well as material and immaterial nature of value creation. Future research is proposed, both concerning the conceptual framework as a whole and its three modes separately.
UTU Research Portal