PROJECT PORTFOLIO MANAGEMENT IN THEORY AND PRACTICE

Rozita Petrinska-Labudovikj

Abstract


Project portfolio management (PPM) is a relatively new discipline of project management, and it coordinates and controls the projects in organization’s project portfolio with aims to maximize projects’ results, to balance portfolio risks and to align the projects to the strategic goals of the organization. In an organization, PPM is on a higher level compared to project management, as the final goal of PPM is achievement of the strategic goals through the projects included in the portfolio. However, different organizations have different attitude towards implementation of PPM, so PPM processes vary from one organization to another. This paper gives an overview of the theory of PPM and role of PPM software tools used in managing project portfolios. It further deals with the representation of project portfolio management theory in practice. Two case studies are provided as illustration. The first case study describes the findings regarding the implementation of PPM at Online Computer Library Center (OCLC), a non-for profit-organization with HQ in Dublin, Ohio, USA. The second case study describes implementation of PPM in Johnson Controls, an American factory for production of electronic parts for automobile industry, located in the free economic zone in the vicinity of Skopje.

Keywords


project portfolio, project portfolio management, PPM support tools, PPM in practice

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References


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