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Project portfolio management – There’s more to it than what management enacts

Project portfolio management – There’s more to it than what management enacts

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Published by Aamir Shehzad
Although companies manage project portfolios concordantly with project portfolio theory, they may experience problems in the form
of delayed projects, resource struggles, stress, and a lack of overview. Based on a research project compromised of 128 in-depth interviews
in 30 companies, we propose that a key reason why companies do not do well in relation to project portfolio management (PPM) is
that PPM often only covers a subset of on-going projects, while projects that are not subject to PPM tie up resources that initially were
dedicated to PPM projects. We address and discuss the dilemma of wanting to include all projects in PPM, and aiming at keeping the
resource and cognitive burden of doing PPM at a reasonable level.
Although companies manage project portfolios concordantly with project portfolio theory, they may experience problems in the form
of delayed projects, resource struggles, stress, and a lack of overview. Based on a research project compromised of 128 in-depth interviews
in 30 companies, we propose that a key reason why companies do not do well in relation to project portfolio management (PPM) is
that PPM often only covers a subset of on-going projects, while projects that are not subject to PPM tie up resources that initially were
dedicated to PPM projects. We address and discuss the dilemma of wanting to include all projects in PPM, and aiming at keeping the
resource and cognitive burden of doing PPM at a reasonable level.

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Categories:Types, Research
Published by: Aamir Shehzad on Jun 13, 2010
Copyright:Attribution Non-commercial

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05/12/2014

 
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hkumvpm bp# m*i* gafkcm xmcm~oajm `agg}jk`bxkajp# fljbj`mp#mjmvi{# ~obvgb`m}xk`bcp# xa{p# paexybvm# bjh eaahp* Oay'mumv# h}m xa xom eb`x xobx ym ymvm caadkji eav `ag~bjkmp#yomvm xom bga}jx ae aj'iakji ~valm`xp p}iimpxmh xom{ ymvmmjibimh kj ^^G# xom px}h{ kp fkbpmh xaybvhp cbvimv `ag~b'jkmp bp ymcc bp `ag~bjkmp xobx hmfljm bx cmbpx b p}fpxbjxkbc~bvx ae xomkv b`xkukxkmp bp ~valm`xp* Xom hmivmm xa yok`oxom `ag~bjkmp ~bvxk`k~bxmh kj xom px}h{ ubvkmp* Omj`m# obce ae xom `ag~bjkmp bvm cbfmccmh ‟kjjmv `kv`cm‛ `ag~bjkmp h}mxa xom eb`x xobx ym hvmy mxmjpkumc{ aj xompm 2= `ag~bjkmp*Eav mbg~cm# kj xompm `ag~bjkmp gavm kjxmvukmyp ymvm`ajh}`xmh bx ubvka}p ~akjxp kj xkgm bjh bx ubvka}p avibjk'pbxkajbc cmumcp* Omj`m# b cajikx}hkjbc ~mvp~m`xkum `obvb`xmv'kpmp xom kjuacumgmjx ae xompm `ag~bjkmp* Xom vmgbkjkjiobce ae xom `ag~bjkmp bvm cbfmccmh ‟a}xmv `kv`cm‛ `ag~bjkmpfm`b}pm xomkv ~bvxk`k~bxkaj kj xom px}h{ obp kj`c}hmh emymvxa~'gbjbimgmjx kjxmvukmyp# xom ~}v~apm ae yok`o ybp xaibkj kjpkiox kjxa yb{p kj yok`o /xa~+ gbjbimgmjx hmfljmpxom `ajxmjx ae xomkv ~valm`x ~avxeackap bjh gbjbimp xomg*Xom ~vkgbv{ pa}v`m ae mukhmj`m mg~ca{mh ybp 26? r}bc'kxbxkum kjxmvukmyp /ykxo ajm xa xovmm kjxmvukmyp `ajh}`xmh kja}xmv `kv`cm `ag~bjkmp bjh =‐2? kjxmvukmyp `ajh}`xmh kjkjjmv `kv`cm `ag~bjkmp+* Kj bhhkxkaj# hbxb ybp afxbkjmhevag axomv pa}v`mp ae mukhmj`m xobj kjxmvukmyp# m*i* ~valm`xobjhfaadp# ~valm`x ckpxp# `ag~}xmv p{pxmgp bjh hbxbfbpmp#bjh axomv `ag~bj{'p~m`kfl` ha`}gmjxp* ^vkgbvkc{# xokp x{~mae bhhkxkajbc hbxb ybp }pmh f{ xom vmpmbv`omvp xa ~vm~bvmeav xom jmx kjxmvukmyp* B fljbc pxvmbg ae bhhkxkajbc hbxbybp afxbkjmh bp xom vmpmbv`omvp mjibimh kj b pmvkmp ae yavdpoa~p ykxo xom `ag~bjkmp* Xom gbkj ~}v~apm ae xompmyavdpoa~p ybp xa afxbkj emmh'fb`d evag xom `ag~bjkmp ajxom vmpmbv`omvp‛ ~vmckgkjbv{ kjxmv~vmxbxkajp# fljhkjip# bjh`aj`c}pkajp* Omj`m# h}vkji xompm yavdpoa~p# xom fljhkjipae xom px}h{ ~vmpmjxmh kj xokp bvxk`cm ymvm hkp`}ppmh ykxobjh gahkflmh kj b``avhbj`m ykxo emmh'fb`d a﬎mvmh f{ xom`ag~bjkmp* Kj ~vb`xk`m# pagm ae xom vmpmbv`omvp ~vmpmjxmh~vmckgkjbv{ fljhkjip h}vkji xompm yavdpoa~p bjh p}fpm'r}mjxc{ hkp`}ppmh xompm fljhkjip ykxo xom `ag~bj{ vm~vm'pmjxbxkump# yokcm axomv vmpmbv`omvp afpmvumh xompmhkp`}ppkajp bjh xaad jaxmp* Xompm jaxmp ymvm }pmh h}vkjixom jmx ~obpm ae bjbc{pkp kj avhmv xa mjp}vm xobx xom fljh'kjip ‐ bjh mp~m`kbcc{ xom `oaapkji ae dm{ r}axbxkajp ‐ b`x}'bcc{ vmpmgfcm ^^G bp mjb`xmh f{ xom kjeavgbjxp*Xom 26? kjxmvukmyp ymvm hajm kj xya pmvkmp* Ekvpx# xom~vmckgkjbv{ va}jh ae kjxmvukmyp ybp `ag~vkpmh ae 0? kjxmv'ukmyp xobx mb`o cbpxmh evag ajm xa xya oa}vp* B hmckfmvbxm`oak`m ybp gbhm jax xa gbdm xompm ~vmckgkjbv{ kjxmvukmypxaa pxv}`x}vmh kj avhmv xa bccay xom kjxmvukmyp xa b﬎m`x xomkjxmvukmy i}khmp xobx ymvm xa fm }pmh kj p}fpmr}mjx kjxmv'ukmyp* Bcc 0> `ag~bjkmp ~bvxk`k~bxmh kj xokp ~vmckgkjbv{va}jh bjh xom kjxmvukmyp ymvm `ajh}`xmh ykxo xa~ avokiomv cmumc gbjbimvp vmp~ajpkfcm eav ^^G* Bexmvybvhp#xom vmpmbv`omvp `ajh}`xmh ;> pmgk'pxv}`x}vmh kjxmvukmyp*Pagm ae xompm kjxmvukmyp ymvm ajm'aj'ajm kjxmvukmyp bjhaxomvp ymvm iva}~ kjxmvukmyp ykxo ~ma~cm bx xom pbgmavibjkpbxkajbc cmumc* B~bvx evag kjxmvukmyp ykxo xa~ gbj'bimvp bjh e}j`xkajbc gbjbimvp# xom pm`ajh pmvkmp ae kjxmv'ukmyp bcpa kj`c}hmh kjxmvukmyp ykxo ~valm`x gbjbimvp bjh~valm`x xmbg gmgfmvp* Omj`m# yokcm kjxmvukmyp ykxo xa~gbjbimvp bjh e}j`xkajbc gbjbimvp mp~m`kbcc{ ea`}pmh ajkpp}mp p}`o bp pxvbxmi{ bjh gbjbimgmjx# ~avxeackap# avibj'kpbxkajbc `}cx}vm# avibjkpkji eav ^^G# bjh ~valm`x gbjbim'gmjx# xom kjxmvukmyp ykxo ~valm`x gbjbimvp bjh ~valm`xxmbg gmgfmvp mp~m`kbcc{ ea`}pmh aj xom yb{p kj yok`oxom gbjbimgmjx ae ~valm`x ~avxeackap b﬎m`xmh mg~ca{mmpbjh xomkv hbkc{ yavd* Omj`m# xom px}h{ mj`ag~bppmp b h}bc'kx{ ae ~mvp~m`xkump# `aumvkji xom ~mvp~m`xkump ae xoapm yoaha ^^G bjh xoapm yoa bvm p}flm`x xa ^^G* Kj xom eaccay'kji pm`xkajp ym ~vmpmjx xom dm{ fljhkjip ae xom px}h{*
8* Gbj{ ~valm`xp bjh b cb`d ae vmpa}v`mp
Xom gapx pxvkdkji fljhkji kp xobx xom mg~kvk`bc mukhmj`mafxbkjmh bx bcc avibjkpbxkaj cmumcp p}iimpxp xobx xom 0> `ag'~bjkmp m~mvkmj`m b oapx ae xom vmpa}v`m'vmcbxmh ~vafcmgpbjh p{g~xagp b``a}jxmh eav kj xom ckxmvbx}vm* Eav mbg'~cm# b gbjbikji hkvm`xav# bj a~mvbxkajp gbjbimv# bjh buk`m ~vmpkhmjx kj `obvim ae ~valm`x gbjbimgmjx pxbxmh xomeaccaykji /bcc kjxmvukmy r}axmp kj xokp ~b~mv ymvm xvbjpcbxmhevag Hbjkpo xa Mjickpo f{ xom b}xoavp+<‟‟^vafbfc{# xom dm{ `obvb`xmvkpxk` kp xobx bcc ~valm`xp imx~apx~ajmh bjh ~apx~ajmh*‛‛‟‟K hvmbg xobx ajm hb{ ym ykcc fm`agm fmxxmv bx ckgkxkjixom j}gfmv ae ~valm`xp ym kjkxkbxm*‛‛‟‟K xokjd xobx ym bvm vmb`okji xom xacmvbj`m cmumc vmibvh'kji oay gbj{ fbccp ym `bj l}iicm ykxo bx aj`m
* * *
K xokjdxobx ym ybpxm b cax ae xkgm aj laiickji pa gbj{ fbccp
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Kxokjd ym `a}ch ha gavm f{ hakji emymv ~valm`xp
* * *
Kx kpkg~avxbjx xobx ym fljh xom fbcbj`m fmxymmj hakji b~va~mv laf kj `oaapkji fmxymmj ~valm`xp bjh kj b`okmu'kji b ebpx ~va`mpp bjh xo}p# r}bjxkx{*‛‛Bcpa# xom gbvdmxkji gbjbimv kj ajm `ag~bj{ bvi}mhxobx<‟‟Kx kp b fbxxcm eav vmpa}v`mp* Ym obum b cax gavm ~valm`xpxobj ym bvm bfcm xa yavd aj# ym vmbcc{ ha
* * *
K xokjdxomvm kp b xmjhmj`{ xa bcyb{p xbdm xaa g}`o kj*‛‛E}vxomvgavm# xovmm mjikjmmvp yoa bvm ~bvx ae b ~valm`xxmbg ea}jh xobx<‟‟Pagmoay# ~mvob~p# ym a}iox xa obum gavm vmpa}v`mp#fm`b}pm ym imjmvbcc{ obum gavm khmbp xobj ym obum ~ma'~cm xa ha xom yavd*‛‛‟‟Kx kp mbp{ xa pb{# ‟{a} imx xokp bga}jx ae xkgm‛* F}xyomj kx `agmp hayj xa kx# xom xkgm pkg~c{ kpj‛x bubkcbfcm*K gmbj# {a} bvm bppkijmh b ~avxkaj ae xkgm# f}x kj ~vb`'xk`m xobx ~avxkaj ae xkgm pkg~c{ hampj‛x mkpx*‛‛‟‟K haj‛x xokjd xobx ym obum mumv dm~x b hmbhckjm*‛‛Xom cb`d ae vmpa}v`mp `agfkjmh ykxo gbj{ /p}﬎mvkji+~valm`xp kp jax bj }j`aggaj fljhkjiT6>W* Xom kjxmvmpxkji~akjx kp xa fli}vm a}x yo{ `ag~bjkmp ombukc{ kjuacumh kj~valm`x gbjbimgmjx bjh ^^G /bjh omj`meavxo b iva}~ae `ag~bjkmp xobx gb{ umv{ ymcc fm fmpx ~vb`xk`m `ag~bjkmp
F*P* Fck`oemchx# ^* Mpdmvah ! Kjxmvjbxkajbc La}vjbc ae ^valm`x Gbjbimgmjx 65 /6>>?+ 0=9‐05=
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