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Project Portfolio Management Best Practice and Implementation: A South African Perspective

Author

Listed:
  • Chiara Oostuizen

    (Department of Industrial Engineering, Stellenbosch University, Joubert Rd, South Africa)

  • Sara S. Grobbelaar

    (Department of Industrial Engineering, Stellenbosch University, Joubert Rd, South Africa†DST-NRF Centre of Excellence in Scientometrics and Science Technology and Innovation Policy (SciSTIP), Stelelnbosch University, Joubert Rd, South Africa)

  • Wouter G. Bam

    (Department of Industrial Engineering, Stellenbosch University, Joubert Rd, South Africa)

Abstract

This paper analyses the link between project portfolio management (PPM) implementation and perceived company success in achieving strategic objectives. As foundation for a conceptual model, the paper explores and investigates three areas of PPM literature: (1) PPM success criteria (2) PPM success factors and (3) problems faced in PPM. Using a conceptual model, the paper empirically investigates the link between the implementation of various PPM practices, the perceived importance of these practices and the perceived success of project portfolios within a South African context. A mixed methodology approach consisting of: (1) surveys and (2) follow-up interviews was followed during the execution of the study. The study targeted 10 different industries and obtained 342 responses in total. The survey data was supported by four semi-structured follow-up interviews that aimed to further investigate some of the salient trends observed in the data. The study enables the deduction of various recommendations for good practice and implementation gaps in the area of PPM in the South African context. This includes recommendations regarding practices that appear to have a strong link with perceived PPM success, yet are viewed as unimportant by many practitioners.

Suggested Citation

  • Chiara Oostuizen & Sara S. Grobbelaar & Wouter G. Bam, 2018. "Project Portfolio Management Best Practice and Implementation: A South African Perspective," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 15(04), pages 1-24, August.
    • Handle: RePEc:wsi:ijitmx:v:15:y:2018:i:04:n:s0219877018500360
    DOI: 10.1142/S0219877018500360
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    References listed on IDEAS

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    1. Teller, Juliane & Kock, Alexander, 2013. "An Empirical Investigation on How Portfolio Risk Management Influences Project Portfolio Success," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 63248, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    2. ,, 2000. "Problems And Solutions," Econometric Theory, Cambridge University Press, vol. 16(2), pages 287-299, April.
    3. Voss, Martin & Kock, Alexander, 2013. "Impact of Relationship Value on Project Portfolio Success - Investigating the Moderating Effects of Portfolio Characteristics and External Turbulence," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 63279, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
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