IDEAS home Printed from https://ideas.repec.org/a/wsi/ijitmx/v15y2018i04ns0219877018500360.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0219877018500360
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S0219877018500360?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    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).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Theresa Eckert & Stefan Hüsig, 2022. "Innovation portfolio management: a systematic review and research agenda in regards to digital service innovations," Management Review Quarterly, Springer, vol. 72(1), pages 187-230, February.
    2. Stevanovic Dalibor, 2016. "Common time variation of parameters in reduced-form macroeconomic models," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 20(2), pages 159-183, April.
    3. Wenqing Chen & Melvyn Sim & Jie Sun & Chung-Piaw Teo, 2010. "From CVaR to Uncertainty Set: Implications in Joint Chance-Constrained Optimization," Operations Research, INFORMS, vol. 58(2), pages 470-485, April.
    4. A. Fadlelmawla & M. Al-Otaibi, 2005. "Analysis of the Water Resources Status in Kuwait," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 19(5), pages 555-570, October.
    5. Stefan Mišković, 2017. "A VNS-LP algorithm for the robust dynamic maximal covering location problem," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 39(4), pages 1011-1033, October.
    6. Duan, Jinyun & Li, Chenwei & Xu, Yue & Wu, Chia-Huei, 2017. "Transformational leadership and employee voice behavior: a Pygmalion mechanism," LSE Research Online Documents on Economics 68035, London School of Economics and Political Science, LSE Library.
    7. Hota, Monali & Bartsch, Fabian, 2019. "Consumer socialization in childhood and adolescence: Impact of psychological development and family structure," Journal of Business Research, Elsevier, vol. 105(C), pages 11-20.
    8. Abernethy, Margaret A. & Vagnoni, Emidia, 2004. "Power, organization design and managerial behaviour," Accounting, Organizations and Society, Elsevier, vol. 29(3-4), pages 207-225.
    9. Minjiao Zhang & Simge Küçükyavuz & Saumya Goel, 2014. "A Branch-and-Cut Method for Dynamic Decision Making Under Joint Chance Constraints," Management Science, INFORMS, vol. 60(5), pages 1317-1333, May.
    10. Peter Burnell, 2008. "From Evaluating Democracy Assistance to Appraising Democracy Promotion," Political Studies, Political Studies Association, vol. 56(2), pages 414-434, June.
    11. M. J. Naderi & M. S. Pishvaee, 2017. "Robust bi-objective macroscopic municipal water supply network redesign and rehabilitation," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 31(9), pages 2689-2711, July.
    12. Mammassis, Constantinos S. & Kostopoulos, Konstantinos C., 2019. "CEO goal orientations, environmental dynamism and organizational ambidexterity: An investigation in SMEs," European Management Journal, Elsevier, vol. 37(5), pages 577-588.
    13. Minghe Sun, 2005. "Warm-Start Routines for Solving Augmented Weighted Tchebycheff Network Programs in Multiple-Objective Network Programming," INFORMS Journal on Computing, INFORMS, vol. 17(4), pages 422-437, November.
    14. Viren Swami & Phik-Wern Loo & Adrian Furnham, 2010. "Public Knowledge and Beliefs About Depression Among Urban and Rural Malays in Malaysia," International Journal of Social Psychiatry, , vol. 56(5), pages 480-496, September.
    15. Jugend, Daniel & da Silva, Sérgio Luis & Salgado, Manoel Henrique & Miguel, Paulo Augusto Cauchick, 2016. "Product portfolio management and performance: Evidence from a survey of innovative Brazilian companies," Journal of Business Research, Elsevier, vol. 69(11), pages 5095-5100.
    16. Ruiwei Jiang & Siqian Shen & Yiling Zhang, 2017. "Integer Programming Approaches for Appointment Scheduling with Random No-Shows and Service Durations," Operations Research, INFORMS, vol. 65(6), pages 1638-1656, December.
    17. Mínguez, R. & García-Bertrand, R., 2016. "Robust transmission network expansion planning in energy systems: Improving computational performance," European Journal of Operational Research, Elsevier, vol. 248(1), pages 21-32.
    18. Jenny Carolina Saldana Cortés, 2011. "Programación semidefinida aplicada a problemas de cantidad económica de pedido," Documentos CEDE 8735, Universidad de los Andes, Facultad de Economía, CEDE.
    19. Ian Maitland & Mitsuhiro Umezu, 2006. "An Evaluation of Japan's Stakeholder Capitalism," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 22(Spring 20), pages 131-164.
    20. Mikhail A. Sokolovskiy & Xavier J. Carton & Boris N. Filyushkin, 2020. "Mathematical Modeling of Vortex Interaction Using a Three-Layer Quasigeostrophic Model. Part 1: Point-Vortex Approach," Mathematics, MDPI, vol. 8(8), pages 1-13, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:ijitmx:v:15:y:2018:i:04:n:s0219877018500360. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/ijitm/ijitm.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.