The present work discusses the importance of merging enterprise asset management systems (EAM), workflow systems and project management methodologies in order to achieve success in project activities. It also presents existing gaps between theory and practice found in the research developed in a large size Brazilian chemical and petrochemical company. It was adopted in this paper the action research method performed in a large size Brazilian chemical and petrochemical company. This paper attempts to contribute to increase the performance of management of projects eliminating existing gaps through the application of the project management model developed. As results of this work we have found that the model developed allows for a better utilization of material and human resources, as well as automation of implementation activities, in order to assure information reliability and obtain the project status in real time to enable decision making.