As a certified PMP, I am admittedly a little biased when it comes to project management. I think organizations that don't use Project Management, with a true project leader role (one responsible for all aspects of a given project) are ultimately only harming their own productivity and profitability (at least in the long run).
A strong project manager will focus not only on project deliverables, but scope, budget, and quality as well. It is this singular role which leads all facets of the project which most directly leads to a given projects success or failure. If no one person is accountable, then no one is accountable (you can always point to the other hand).
I like to think of each project as its own little company. There is a budget, a resource model, a business plan, a quality plan, SOPs, risk plans, communication plans, etc... Would you run a company without a President/CEO type role? Of course not. Would you have a team without a coach? Why have a project without a project manager?
Treat each project as its own entity and structure it that way and success becomes much easier to quantify.
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