A System Dynamics Approach for Strategic Analysis of Project Portfolio Interdependencies

Publisher:
Australian Institute Project Management (AIPM)
Publication Type:
Conference Proceeding
Citation:
2010 Conference: Project Management - Creating a Future (AIPM2010), 2010, pp. 1 - 10
Issue Date:
2010-01
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Understanding project portfolio interdependencies is essential in order to manage projects in complex and dynamic environments. Project environments across the globe are becoming increasingly complex, creating heightened challenges for project management (PM) and project portfolio management (PPM). Current research indicates that organisations globally fall short of understanding how project interdependencies affect portfolio outcomes. The literature on System Dynamics (SD) suggests that SD may be a suitable tool to encapsulate the âbigger pictureâ of PPM interdependencies. This research applies a client interactive approach using SD modelling techniques to represent interdependencies within a project portfolio. A case study was conducted with the Royal Australian Navy (RAN) to investigate SD as a potential tool for the management of project portfolio interdependencies The outcomes of the case study suggest that SD has the ability to challenge an organisationâs perceptions of their project portfolio interdependencies and to enhance strategic decisionmaking capabilities.
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