Value Creation and Sustainable Project Management: A Case Study on a Leading SOE in China

Abstract

The literature emphasizes the crucial role of state-owned enterprises (SOEs) in fostering economic growth and addressing public demands. However, ensuring the sustainable development of SOEs requires further research to investigate sustainable project management with a focus on value creation. Accordingly, the authors conducted a case study of a prominent real estate SOE in China to examine how SOEs can alter their project management practices and achieve a more sustainable business model. The findings reveal that adopting a whole life-cycle management system can promote value refinement, optimization, and co-creation, enabling SOEs to achieve value creation through sustainable management. This study offers useful insights for policymakers and business executives in China and contributes to the literature on sustainable project management and value creation.