Characteristics of Project Portfolio Management in the Construction Industry

Pionório, Patrícia; Sebestyén, Zoltán

doi:10.3311/ccc2022-018

Cited by 2 publications

(3 citation statements)

References 8 publications

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“…There is a significant dearth of research addressing the challenges faced by the construction sector in TRNC, with limited recent contributions on this topic. Only a small number of authors have delved into this sector [31,34,[36][37][38][39][40][41]. Their findings predominantly reflect general observations pertaining to the building construction industry, as most contractors in TRNC primarily focus on residential projects [34].…”

Section: Infrastructure and Foreign Aidmentioning

confidence: 99%

“…Additionally, as in previous studies in the sector [30,31,[34][35][36][37][38][39][40][41], the author faced a limitation in the form of a lack of reliable data and statistics regarding the construction sector in North Cyprus (TRNC). The scarcity of dependable statistics, as noted in the literature [61], continues to present a significant challenge for research in this field.…”

Section: Limitations Of the Studymentioning

confidence: 99%

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Navigating Turbulent Environments: Exploring Resilience in SMEs through Complex Adaptive Systems Perspective

Yapicioglu

2023

Sustainability

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This study seeks to explore how owner–managers of small and medium-sized enterprises navigate a constantly changing and turbulent environment following a traumatic experience and how they build resilience in their organizations by drawing upon memories through a complex adaptive system lens. Specifically, this study investigates the major factors shaping the management strategies of SMEs operating in the infrastructure construction sector in North Cyprus, where foreign aid/the patron country is the primary source of financing and therefore the major driver of strategies. To gather primary data, semistructured interviews were conducted with owner–managers of grade 1 construction SMEs, who can participate in internationally financed public projects. A qualitative approach using thematic analysis was adopted, and findings indicate that the most influential factor shaping the management strategies of SMEs in North Cyprus is the macro characteristics of the sociopolitical environment. These characteristics evoke memories for owner–managers and lead to a dissipative approach towards managing their SMEs, creating resilience in the face of North Cyprus’ ever-changing political environment.

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Section: Infrastructure and Foreign Aidmentioning

confidence: 99%

Section: Limitations Of the Studymentioning

confidence: 99%

Navigating Turbulent Environments: Exploring Resilience in SMEs through Complex Adaptive Systems Perspective

Yapicioglu

2023

Sustainability

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“…It consists of evaluating the projects based on the organization's strategy using strategic management theories. Projects that are more closely aligned with the organization's strategy are prioritized over those that do not have a strong relationship with the organization's strategy [10,17,21,33]. The portfolio management process should be expanded to include strategic issues [19,26,29].…”

mentioning

confidence: 99%

integrative review of project portfolio management ranking criteria - understanding better the decision-making process

Pionório,

Sebestyén

2023

AABEco

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Project portfolio management (PPM) relies on rankings of projects, which can be challenging due to the many factors and people involved. Project prioritization is essential when a business works on multiple projects simultaneously (whether the projects are wholly independent or interdependent). Managing the projects already in the company’s portfolio and selecting new ones to add to the portfolio are among the essential tasks for many companies. The organization must prioritize the proper initiatives within its diversity to attain its goals and objectives. The ranking approach is a way to prioritize the projects by placing them in order from most important to least important by assigning each task a rating based on a set of criteria. These can be very diverse and depend on many factors, such as different financial and non-financial impacts). This study aims to provide a comprehensive assessment of the existing literature on studies in project portfolio management ranking, focusing on the ranking criteria employed and identifying the journals that published the papers we selected for this analysis. Before ranking, it is necessary to specify which criteria are most relevant to suit the organization’s goals. This research presents the main applicable criteria for ranking project portfolios and their sub-criteria to understand the potential of PPM better, leading to selecting more suitable and valuable projects for the organization. Based on this review, exploring the criteria used for the process, identifying the possibilities for their application, and gaining further knowledge of them enable better portfolio management for the company.

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Characteristics of Project Portfolio Management in the Construction Industry

Cited by 2 publications

References 8 publications

Navigating Turbulent Environments: Exploring Resilience in SMEs through Complex Adaptive Systems Perspective

Navigating Turbulent Environments: Exploring Resilience in SMEs through Complex Adaptive Systems Perspective

integrative review of project portfolio management ranking criteria - understanding better the decision-making process

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