Q. What value does project management add?

This is extremely difficult to answer in traditional accounting terms for the reason that the real value is in the quality of the end results and the avoidance of unnecessary delays and costs. Briefly the stakeholder as well as customer satisfaction. It's similar to taking out insurance no one argues about taking out the right amount of insurance. No one must argue about doing the right amount of project management. Keep in mind that Murphy that good old proponent of humorous laws has said A poorly run project will take three times as long and cost three times as much as a well run project. But he as well added compared to a well run project which only takes twice as long and costs twice as much. For our financial accounting friends that is a 50% saving right there!