Project Management is critical for Useless projects
This about this: If you have a project with an estimated cost of $1MM and you expect a return of $1.1MM then strict governance and process controls are critical to success. A variance of 10% will take you from profitability to a loss. If you have a project with the same estimated $1MM cost but an expected return of $50MM then project management is less critical. a 10% variance will not really matter in the big picture....