FINANCIAL AND ORGANIZATIONAL IMPACTS OF PROJECT MANAGEMENT YOUNG HOON KWAK and C. WILLIAM IBBS Department of Civil Engineering, University of California, Berkeley, CA, USA Abstract Many organizations are projectizing their operations these days, particularly non- construction enterprises. There is, of course, a range of levels of Project Management (PM) sophistication and tools that can be adapted by such enterprises. This study, sponsored by the Project Management Institute (PMI), examines current PM levels and practices in various companies and industries, and proposes a five level model of PM sophistication. This paper summarizes proposed PM process maturity analysis methodology which can be used to evaluate financial and organizational impacts of PM to organizations. Also, a benchmarking system is developed and presented to quantitatively measure an organization’s level of PM sophistication. This research is currently in progress. This benchmarking methodology and the resulting quantitative data will aid managers in making wiser PM investment decisions. Future research will continue to report quantitative results and findings by applying this research methodology. Keywords: Benchmarking, Project Management, Project Management Body of Knowledge, Project Life Cycle, Project Management Process Maturity Model Résumé Actuellement, de nombreuses organisations planifient leurs projets, particulièrement les entreprises hors du génie civil. Il existe différents niveaux de sophistication et une grande gamme d’outils pour la gestion de projets, ceux-ci peuvent facilement etre adaptés a ces entreprises. Cette étude, sponsorisée par le “Project Management Institute (PMI)”, examine les pratiques courantes et les niveaux de raffinement de différentes compagnies et