Investigating Association of Benefits and Barriers in Project Portfolio Management to Project Success

Nick Hadjinicolaou; Jantanee Dumrak

doi:10.1016/j.proeng.2017.03.191

Investigating Association of Benefits and Barriers in Project Portfolio Management to Project Success

Nick Hadjinicolaou, Jantanee Dumrak

Business and Hospitality

Research output: Contribution to journal › Conference article › peer-review

21 Citations (Scopus)

Abstract

Projects are increasingly initiated by organisations across Australia in alignment with the corporate strategies. This paper investigates and analyses the application of PPM in Australia by conducting a questionnaire survey with senior project, program and portfolio managers across Australia. The results suggested improvement in decision making, maximizing resource usage, alignment with business strategy and organisational risk reduction are the most common benefits found when implementing PPM. On the other hand, internal politics and culture, lacking organisational management support, and disagreement on a common project prioritization approach are the main barriers impeding the application of PPM.

Original language	English
Pages (from-to)	274-281
Number of pages	8
Journal	Procedia Engineering
Volume	182
DOIs	https://doi.org/10.1016/j.proeng.2017.03.191
Publication status	Published - 1 Jan 2017
Event	7th International Conference on Engineering, Project, and Production Management, EPPM 2016 - Bialystok, Poland Duration: 21 Sept 2016 → 23 Sept 2016

Keywords

portfolio management practices
project management
project portfolio management
project success

Access to Document

10.1016/j.proeng.2017.03.191

Cite this

@article{457d46f357194c4f81b5dfd8a19eeea5,

title = "Investigating Association of Benefits and Barriers in Project Portfolio Management to Project Success",

abstract = "Projects are increasingly initiated by organisations across Australia in alignment with the corporate strategies. This paper investigates and analyses the application of PPM in Australia by conducting a questionnaire survey with senior project, program and portfolio managers across Australia. The results suggested improvement in decision making, maximizing resource usage, alignment with business strategy and organisational risk reduction are the most common benefits found when implementing PPM. On the other hand, internal politics and culture, lacking organisational management support, and disagreement on a common project prioritization approach are the main barriers impeding the application of PPM.",

keywords = "portfolio management practices, project management, project portfolio management, project success",

author = "Nick Hadjinicolaou and Jantanee Dumrak",

year = "2017",

month = jan,

day = "1",

doi = "10.1016/j.proeng.2017.03.191",

language = "English",

volume = "182",

pages = "274--281",

journal = "Procedia Engineering",

issn = "1877-7058",

publisher = "Elsevier BV",

note = "7th International Conference on Engineering, Project, and Production Management, EPPM 2016 ; Conference date: 21-09-2016 Through 23-09-2016",

}

TY - JOUR

T1 - Investigating Association of Benefits and Barriers in Project Portfolio Management to Project Success

AU - Hadjinicolaou, Nick

AU - Dumrak, Jantanee

PY - 2017/1/1

Y1 - 2017/1/1

N2 - Projects are increasingly initiated by organisations across Australia in alignment with the corporate strategies. This paper investigates and analyses the application of PPM in Australia by conducting a questionnaire survey with senior project, program and portfolio managers across Australia. The results suggested improvement in decision making, maximizing resource usage, alignment with business strategy and organisational risk reduction are the most common benefits found when implementing PPM. On the other hand, internal politics and culture, lacking organisational management support, and disagreement on a common project prioritization approach are the main barriers impeding the application of PPM.

AB - Projects are increasingly initiated by organisations across Australia in alignment with the corporate strategies. This paper investigates and analyses the application of PPM in Australia by conducting a questionnaire survey with senior project, program and portfolio managers across Australia. The results suggested improvement in decision making, maximizing resource usage, alignment with business strategy and organisational risk reduction are the most common benefits found when implementing PPM. On the other hand, internal politics and culture, lacking organisational management support, and disagreement on a common project prioritization approach are the main barriers impeding the application of PPM.

KW - portfolio management practices

KW - project management

KW - project portfolio management

KW - project success

UR - http://www.scopus.com/inward/record.url?scp=85035003633&partnerID=8YFLogxK

U2 - 10.1016/j.proeng.2017.03.191

DO - 10.1016/j.proeng.2017.03.191

M3 - Conference article

AN - SCOPUS:85035003633

SN - 1877-7058

VL - 182

SP - 274

EP - 281

JO - Procedia Engineering

JF - Procedia Engineering

T2 - 7th International Conference on Engineering, Project, and Production Management, EPPM 2016

Y2 - 21 September 2016 through 23 September 2016

ER -

Investigating Association of Benefits and Barriers in Project Portfolio Management to Project Success

Abstract

Keywords

Access to Document

Other files and links

Fingerprint

Cite this