Authors : Amirhossein Khameneh, Mohammad Hossein Sobhiyah and Seyyed Hamid Khodadad Hosseini
Abstract: Project Portfolio Management (PPM) capabilities provide a holistic decision making framework to align projects with strategy and to ensure resource sufficiency for the project portfolio. We aim at discovering the components of PPM capabilities for innovation projects in order to response to dynamic environments in case of five Iranian organizations producing equipment of the power industry.Qualitative research designwas chosen for this study and through using semi-structured and in-depth interviews with 24 experts in case studies, we use a grounded theory approach to develop a customized model of PPM capability for innovation projects. According to the findings from these qualitative data, PPM capability model consist of eleven areas that totally contain 81 capabilities. These eleven capability areas included process, structure, people, strategic management, ideas and proposals management, communication management, resource management, risk and uncertainty management, technology management, knowledge management and intellectual properties and innovation management. We use the focus group method by conducting workshop with senior experts for validating the proposed model. Finally, we discuss about the theoretical and practical implication of this study and provide some recommendations for further researches.
Amirhossein Khameneh, Mohammad Hossein Sobhiyah and Seyyed Hamid Khodadad Hosseini, 2016. Project Portfolio Management Capability:The Case of Iran’s Power Industry Innovation Projects. International Business Management, 10: 2329-2336.