Project Portfolio Management is a tool for effective resource allocation, for the selection of those projects with the highest potential to become tomorrow’s new product and service winners. The accurate implementation of project portfolio methodology is ultimately linked to sound innovation management practices. This paper aims to research a financial firm, ABN AMRO, to uncover its project portfolio management practices and their role in fostering innovation. This study set out to define how project portfolio management methodology at the organization ultimately contributes to innovation, and to highlight some of the difficulties and challenges in picking the right projects. Thus, the focus of this paper is to understand how project portfolio management aids ABN AMRO Bank in making strategic choices that will ultimately lead to innovation. A total of 11 semi-structured interviews were conducted with managers at the institution in order to assess the project portfolio management practices and their focus on innovation. The results indicate an organizational shift from a lack of formal project selection to the implementation of a sound project portfolio methodology that aims at selecting those projects aligned with business strategy. The results also indicated that innovation has a significant role in the process, by functioning as criteria in the recently defined explicit method for portfolio management.
Contents
Chapter 1: Introduction & Background
1. Background of the study
1.1 Research Question
1.2 Aims and Objectives of the Study
1.3 Scope and Underlying Assumptions
1.4 Research Schedule
1.5 Research Methods
Chapter 2: Literature Review
2.1 Similar Studies
2.2 Background of Project Portfolio Management
2.3 Findings of the Background Study
2.4 Project Portfolio Management Definitions and Selection Processes
2.5 Innovation
2.6 Project Portfolio Management for Product Innovation
Chapter 3: Research Methodology
3.1 The Nature of the Study
3.2 Ethical Considerations
3.3 Company Description
3.4 Sample Description
3.5 Interview Questions
Chapter 4: Findings
4.1 Project Portfolio Management Practices: Two Sides of the Same Coin
4.2 The Project Portfolio Management Forums
4.3 Innovation
4.4 Types of Projects and the Balanced Portfolio
4.5 The PMO and Project Management Practices
4.6 When Projects Die…
4.7 Summary of Findings
Chapter 5: Conclusion
5.1 Discussion of Findings
5.2 Limitations
5.3 Suggestions for Further Research
5.4 Final Words
References
Appendix: Authorization ABN AMRO
Author: Stadnick, Priscilla
Source: Umea University
Download URL 2: Visit Now