Project Portfolio Management in Practice

摘要

This research investigates the approaches that organizations apply to implement project portfolio management (PPM). We have compared theory and practice to find out how organizations can benefit from PPM. The study finds that PPM consists of three tasks: (1) screening, selecting, prioritizing and allocating resources to project proposals, (2) monitoring and reprioritizing running projects, and (3) tracking and managing the realized benefits of projects. We have found a number of opportunities for improvement, since most investigated organizations do not adopt all three tasks. We have found that of the three approaches mentioned in the theory, our respondents use only two. Devoting more attention to the actual outcomes of projects can help organizations to improve their screening and selection process, as well as to take corrective action when intended outcomes are not attained.