Improving project success with project portfolio management practices

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Projects have increasingly become organizations’ strategic initiatives to implement changes and improve organizational performance. Concerned over constrained resources and rapid changes that exist in the project environment, project portfolio management (PPM) can support organizations in prioritizing and selecting the right projects to meet strategic objectives and improve project success rates. This research aims to investigate and analyze the application of PPM in relation to project success in Australia by conducting a questionnaire survey with 64 senior project, program and portfolio managers from industry sectors across Australia. Graph Theoretic Approach (GTA) is employed as an analysis method to generate prioritization of the relationships between PPM practices and project success criteria. Twenty-five PPM practices are grouped into four categories and examined against seven project success criteria. The findings show that each group interacts with success criteria at a diverse range. These provide organizations with implications to benchmark their PPM practices with the current findings, especially those that strongly contribute to success in project implementation and outcomes. Furthermore, the results highlight integrated concepts and application between project success and portfolio management.

Original languageEnglish
Title of host publicationLecture Notes in Mechanical Engineering
PublisherPleiades Publishing
Pages57-66
Number of pages10
Edition9783319741222
DOIs
Publication statusPublished - 1 Jan 2018

Publication series

NameLecture Notes in Mechanical Engineering
Number9783319741222
ISSN (Print)2195-4356
ISSN (Electronic)2195-4364

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Keywords

  • Graph theory approach
  • Project management
  • Project portfolio management (PPM)
  • Project success
  • Strategic initiatives

Cite this

Hadjinicolaou, N., Dumrak, J., & Mostafa, S. (2018). Improving project success with project portfolio management practices. In Lecture Notes in Mechanical Engineering (9783319741222 ed., pp. 57-66). (Lecture Notes in Mechanical Engineering; No. 9783319741222). Pleiades Publishing. https://doi.org/10.1007/978-3-319-74123-9_7