Impact of Applying Project Portfolio Management on Project Success

Authors

  • Hemanta Kumar Doloi The University of Melbourne Australia
  • Iman Baradari The University of Melbourne Australia

Keywords:

Project portfolio management

Abstract

Project portfolio management is always described as an approach or method that helps organizations to achieve their business goals and objectives. There are many books and articles concentrating on this merit of project portfolio management. Nevertheless the concentration of this paper is to identify and evaluate the project portfolio management in a new aspect which seems less focused.

The main aim of this research is to analyze the impact of applying project portfolio management on project success rate. It means that not only project portfolio management helps organizations to achieve their business goals and objectives, but also it helps them to improve their project success rate.

In this paper, project success criteria are defined and different project portfolio management processes and functions are identified. Then based on a clear survey, the impact of applying project portfolio management on project success rate is evaluated in different levels of project portfolio management maturity levels.

According to research findings, there is a strong coefficient correlation between project success and project portfolio management maturity levels. In other words, increasing the maturity level of project portfolio management leads in improving project success rate.

Author Biographies

  • Hemanta Kumar Doloi, The University of Melbourne Australia

    After completing the PhD in the field of project management in 2003, Dr.Doloi worked till January 2004 as a post doctoral research fellow at the University of Sydney, Sydney, Australia. Currently he is a Senior Lecturer specializing in Project and Construction Management atthe University of Melbourne, Australia. Dr.Doloi’s key research interest is on Life Cycle Project Management and this new methodology has been extended signifi cantly basedon the concepts such as process modeling,strategic project management and decision theory over last few years. He has published over 100 scholarly articles in both international journals and conferences.

    Dr. Doloi is a sole author of the book “Life Cycle Project Management – a Systems based approached to managing complex projects” published in 2008. In 2012, Dr. Doloi was awarded the “Infinite Value Award in Research and Teaching” by the Australian Institute of Quantity Surveyors (AIQS) and he is widely consulted in the corporate world.

    Affiliation: Faculty of Architecture, Buildingand Planning, The University of Melbourne

  • Iman Baradari, The University of Melbourne Australia

    Faculty of Architecture, Building and Planning, The University of Melbourne

References

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Published

2022-05-20

Issue

Vol. 1 No. 2 (2013): The Journal of Modern Project Management

Section

Articles-JMPM

License

Copyright (c) 2022 Hemanta Kumar Doloi, Iman Baradari

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to Cite

Impact of Applying Project Portfolio Management on Project Success. (2022). The Journal of Modern Project Management, 1(2). https://journalmodernpm.com/manuscript/index.php/jmpm/article/view/121

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