Linking Projects to Business Strategy Through Project Portfolio Management

Abstract

In many organisations, a chasm exists between the development of strategy and its successful implementation. Failure to cross this chasm may ultimately result in strategy failure and the loss of competitive advantage, profits, and employment. Project Portfolio Management (PPM) is theorised as a management methodology that links a portfolio of projects to the business strategy. However, current literature lacks empirical evidence of the levels of employment, functionality, and success of the Project Portfolio Management approach in South Africa. A survey of respondents in 32 technology organisations was used to analyze the reasons for the following: strategy implementation and project delivery failure in South African technology organisations; the South African situation regarding the chasm that exists in many organisations between strategy development and successful strategy implementation; and the extent to which -and with what success -Project Portfolio Management is employed in South African technology organisations. OPSOMMINGIn baie organisasies bestaan daar 'n gaping tussen strategie-ontwikkeling en suksesvolle strategie-implementering. Die onvermoë om die gaping te oorbrug sal uiteindelik lei tot strategiefaling en die verlies van mededingende voordeel, winste, en werksgeleenthede. Projekportefeuljebestuur (PPB) word voorgehou as 'n bestuursmetodologie wat 'n portefeulje van projekte koppel aan die besigheidstrategie. Bestaande literatuur gaan egter mank aan empiriese bewyse ten opsigte van die vlakke van indiensneming, funksionaliteit, en sukses van die Projekportefeuljebestuursbenadering in Suid-Afrika. 'n Opname van respondente in 32 tegnologie-organisasies is gebruik om die volgende aspekte te ondersoek: die redes vir falings in strategie-implementering en projekaflewering in Suid-Afrikaanse tegnologie-organisasies; die Suid-Afrikaanse situasie rakende die gaping wat bestaan tussen strategie-ontwikkeling en suksesvolle strategie-implementering; en die mate waartoe en met watter mate van sukses Projekportefeuljebestuur in Suid-Afrikaanse tegnologieorganisasies gebruik word.

Exploring the Link Between PPM Implementation and Company Success in Achieving Strategic Goals: An Empirical Framework

“…In 1998 Grundy [3] stated that the implementation phase is frequently the graveyard of strategy, and remains a neglected area in research. More recent literature has agreed with this statement [4]; [5]. It has been suggested that the solution could lie in making use of project portfolio management (PPM) e.g.…”

“…Although PPM has been well-researched ( [8]; [9]; [10]; [11]; [12]; [13]; [14]), there is still a lack of empirical evidence in the literature on achieving success through implementing PPM factors of best practice, especially in the South African environment ( [5]; [7]; [4]). This article aims to lay the groundwork for a study that will address the lack of empirical evidence on PPM in the South African context by deductively constructing a framework from the literature.…”

Integrating Project Portfolio With Business Strategy: Imagineering

“…Foi possível agregar fatores (categorias e variáveis) através das correlações oriundas da literatura que ratificam e contribuem para a compreensão do objetivo geral deste estudo bem como servem para futuras pesquisas. Teoria internacional consistente foi pesquisada, para fundamentar a relação e estão citadas a seguir, de acordo com a ordem das referências utilizadas (Archer & Ghasemzadeh, 1999;Belout & Gauvreau, 2004;Boje, 1995;Buys & Stander, 2010;Cope et al, 2011;Harrison & Pelletier, 2000;Longman & Mullins, 2004;Meskendhal, 2010;PMI, 2012;Pressly, 2012;Srivannaboon & Milosevic, 2006;Van der Merwe, 2002;Ying & Yong-Dong, 2007;Yiu, 2008). A relação gerenciamento de projetos e estratégia empresarial foi analisada, tendo o Walt Disney…”

Ajuste e balanceamento do portfólio de projetos: o caso de uma empresa do setor químico

“…Thus, strategic alignment is fundamental to transform strategies into actions. The connection between the strategy and the selection and implementation of initiatives occurs through the execution of projects, with project portfolio management (PPM) being responsible for this alignment (BUYS;STANDER, 2010).…”

“…the level of uncertainty as a critical issue on project portfolio management. All these problems result in a poor performance of project portfolio, with the selection of projects of low impact, very long product launch time, and failure rate above the accepted level (GOLDRATT, 1998;ELONEN;ARTTO, 2003;KLEINSCHMIDT, 2000;BUYS;STANDER, 2010).…”