I just posted a new article: ‘The Benefits of Recognizing Projects as Investments: “And Yet, It Moves!” ’
You can find it here [1].
I recently had a disagreement in a discussion group with an individual who was quite insistent that projects are not investments. This person, seemingly a victim of very high cognitive barriers, was insistent that the only acceptable definitions and techniques are those that are sanctified by their inclusion in the PMBOK® Guide. I happen to disagree. I particularly disagree with the idea that every project is not, first and foremost, an investment.
In the linked article, I explain why all projects are investments, and also enumerate some of the benefits that an amended definition would generate for organizations, projects, project managers and the Project Management Institute.
Fraternally in project management,
Steve the Bajan