Project management is a capital investment process

The paper reviews the results of recent research work at UMIST, United Kingdom with a major global energy company that has an ongoing need for engineering based capital investment projects. The research studied the company's project culture and its concept of project management. In the course of this research there was evidence of a potentially significant holistic approach to improving the connection between corporate strategy and project strategy to secure the development of the business and improve its capital investment performance. The derived concept presented of a development process, places management in project mode in the context of business development and suggests the key benefits that can accrue.