Project portfolio management in financial services: aligning systems and climate

Project Portfolio Management in Financial Services: Aligning Systems and Climate

While a number of studies have analysed portfolio management in goods firms, few have focused on the processes and practices within service firms. This research project investigated the attitudes, approach and practices geared towards project portfolio management (PPM) in UK based financial service firms. An exploratory research approach is undertaken via in-depth interviews with key informants...

Aligning Strategic and Project Measurement Systems

Strategic Alignment of the corporate strategy and the project management system Alignment of strategic and project management systems is essential for economic survival and growth. The corporate vision has to include the needs of customers and stakeholders while promoting internal learning and innovation. An effective strategic management system offers many benefits: o Development of a learning...

The Project Portfolio Management Problem

We consider the Project Portfolio Management Problem (PPMP) in which a limited resource must be allocated among a set of candidate projects over time so as to maximize expected net present value. We formulate this problem as a dynamic program but conclude that this approach is too computationally complex to be of value in supporting real-world project management. So, we investigate the structur...

Strategic Alignment and IT Project Portfolio Management

If structured around an appropriate combination of business processes, knowledge and technology, Information Systems can become a very powerful business strategic lever. With this holistic perspective in mind, we redesigned the dysfunctioning IT project portfolio management process of one of the FTSE 100 global companies. The new process aims at better identifying, evaluating and balancing proj...

Asymmetric Correlation in IT Project Portfolio Management