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Key Determinants of Effectiveness in Project Portfolio Management

Key Determinants of Effectiveness in Project Portfolio Management. Dr. Peerasit Patanakul Assistant Professor Peerasit.Patanakul@stevens.edu. With Dr. Audrey Curtis and Brian Koppel. Research grants from HSATM (2008) and PMI (2010-2012) . Research History.

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Key Determinants of Effectiveness in Project Portfolio Management

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  1. Key Determinants of Effectiveness in Project Portfolio Management Dr. Peerasit Patanakul Assistant Professor Peerasit.Patanakul@stevens.edu With Dr. Audrey Curtis and Brian Koppel Research grants from HSATM (2008) and PMI (2010-2012) Dr. Peerasit Patanakul

  2. Research History • Organizational Project Management • Project management standardization • Effectiveness in project portfolio management • Management of Multiple Projects • Effectiveness in management of multiple projects • Project manager assignments • Competencies of multiple project managers • Project management • Project strategy and project value • Project team structure and project success • Project management tools and techniques Dr. Peerasit Patanakul

  3. Effectiveness in PPM PPM has been practiced for decades but: What is PPM effectiveness? What are the measures of PPM effectiveness? What are the key factors contributing to PPM effectiveness? Is PPM effectiveness context specific? Providing information to practitioners for adjusting PPM to achieved a desired level of performance Dr. Peerasit Patanakul

  4. What make this research different? Studying the executive level activities, especially executive strategic-decision making process Investigating PPM effectiveness from multiple levels Investigating other organizational factors, e.g. culture, structure and placement of PPM, and learning Investigating PPM effectiveness with regards to business contexts Developing measures for PPM effectiveness Dr. Peerasit Patanakul

  5. Research approach Case study research Interviews with executives, portfolio managers, PMO personnel, etc. Within-case and cross-case analyses Key determinants of PPM effectiveness Context specific PPM effectiveness PPM Performance Business contexts Dr. Peerasit Patanakul

  6. What literature suggests Effectiveness of the corporation can be measured by the degree to which it accomplished its purpose (Barnard, 1938), doing the right things (Drucker, 1963), achievement of goals (Brundney and England, 1982; Elmes and Wilemon, 1988) Nature of effectiveness is multidimensional and should be defined by a complex of stakeholders Culture, team leaders, and processes impact organizational effectiveness Dr. Peerasit Patanakul

  7. Preliminary study Strategic Planning and Strategic decision-making: Formal and information-based Executive governance: Objective-oriented and measureable strategic outcome Organizational culture: Give & take, trust & honesty, extensive communication PPM Effectiveness Project selection and resource allocation: Unbiased and strategy-based Organizational structure: Project management supported Project management process: Documentation and oversight support timely decision making Dr. Peerasit Patanakul

  8. Next steps Finalizing research grant from Project Management Institute (2010-2012) Recruit additional research participants Conduct research, conduct research, conduct research Disseminate knowledge Dr. Peerasit Patanakul

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