SUNConferences, 27th Annual Conference of the SA Institute for Industrial Engineering

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EXPLORING THE LINK BETWEEN PPM IMPLEMENTATION AND COMPANY SUCCESS IN ACHIEVING STRATEGIC GOALS: AN EMPIRICAL FRAMEWORK
Chiara Oosthuizen, Sara S Grobbelaar, Wouter Bam

Last modified: 2016-09-16

Abstract


Organizations are constantly under pressure to innovate and grow by successfully executing their business strategies. The ever-increasing rate of change in technology has implications for product lifecycles, costs pressures, expectations of higher quality and a larger variety of products and services. These trends result in mounting pressures and a huge increase in complexity, as the drivers of technology must be managed to achieve a competitive advantage. Project Portfolio Management (PPM) is a solution for unraveling the complexities of multi-projects and is theorized to assist an organization in achieving this competitive advantage through the implementation of business strategy, balancing portfolios, maximizing value, and ensuring resource adequacy. There is, however, a lack of empirical evidence on the employment and success of PPM approaches in South Africa. This article presents a framework that lays the foundation of an empirical study that will aim to explore the link between PPM implementation and company success in achieving strategic objectives. We proceed to base our framework on factors of good practice in PPM, which will include 1) single project level characteristics and activities; 2) multi-project level characteristics and activities; 3) linkage between projects and strategy process; 4) availability and quality of project information.


Keywords


Project Portfolio Management, PPM, strategic goals, empirical framework, organizational success