Abstract: Project management assets are becoming an integral part of every aspect and activity in today�s organizations that are crucial to survive in a competitive environment and thus has a profound impact on the performance of the employees. State owned Enterprises (SoE) of Abu Dhabi are the focus of this paper as they are considered the key economic power-house both at the local and federal government levels. Applying a resource-based analysis, namely the VRIO framework (VRIO is an acronym for Value, Rarity, Imitability and Organisation) to examine the effect of these assets on employees performance. The data was collected from 539 employees of State Owned Enterprises (SOE) of Abu Dhabi and analysed using Structural Equation Modelling (SEM) via. SmartPLS 3.0. There were two main results; first, value, rarity, imitability and organization have a positive impact on cost; second, value, rarity and imitability are significantly predicting time. The proposed model explained 62% of the variance in cost and 56% of the variance in time. Theoretical and practical implications are also provided.