Dynamic Capability through Project Portfolio Management

Killen, CP

Dynamic Capability through Project Portfolio Management

Killen, CP

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Publisher:: Auerbach Publications
Publication Type:: Chapter
Citation:: Portfolio Management: Delivering on Strategy, 2023, pp. 229-246
Issue Date:: 2023-01-01

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Field	Value	Language
dc.contributor.author	Killen, CP
dc.date.accessioned	2023-12-13T22:42:29Z
dc.date.available	2023-12-13T22:42:29Z
dc.date.issued	2023-01-01
dc.identifier.citation	Portfolio Management: Delivering on Strategy, 2023, pp. 229-246
dc.identifier.isbn	9781032326290
dc.identifier.uri	http://hdl.handle.net/10453/173829
dc.description.abstract	In dynamic environments, organizations must adapt to succeed. In project-based organizations, project portfolio management (PPM) can act as a dynamic capability, a strategic capability that provides competitive advantage by enabling an organization to effectively respond to change. PPM is an important organizational capability that enables organizations to manage and balance their portfolio holistically; to align projects with strategy; and to ensure adequate resourcing for projects to maximize the benefits from project investments. A dynamic PPM capability boosts organizational agility and flexibility by facilitating adjustments to the project portfolio and reallocating resources in response to changes in the environment. To remain relevant in a dynamic environment, the PPM capability itself must evolve. Examples of aspects of PPM that provide dynamic capability are outlined in this chapter to provide guidance for practitioners.
dc.format.extent	12
dc.language	en
dc.publisher	Auerbach Publications
dc.relation.ispartof	Portfolio Management: Delivering on Strategy
dc.relation.isbasedon	10.1201/9781003315902-12
dc.rights	info:eu-repo/semantics/closedAccess
dc.title	Dynamic Capability through Project Portfolio Management
dc.type	Chapter
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	closed_access	*
pubs.consider-herdc	false
dc.date.updated	2023-12-13T22:42:27Z
pubs.place-of-publication	USA
pubs.publication-status	Published
dc.location	USA

Abstract:

In dynamic environments, organizations must adapt to succeed. In project-based organizations, project portfolio management (PPM) can act as a dynamic capability, a strategic capability that provides competitive advantage by enabling an organization to effectively respond to change. PPM is an important organizational capability that enables organizations to manage and balance their portfolio holistically; to align projects with strategy; and to ensure adequate resourcing for projects to maximize the benefits from project investments. A dynamic PPM capability boosts organizational agility and flexibility by facilitating adjustments to the project portfolio and reallocating resources in response to changes in the environment. To remain relevant in a dynamic environment, the PPM capability itself must evolve. Examples of aspects of PPM that provide dynamic capability are outlined in this chapter to provide guidance for practitioners.

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http://hdl.handle.net/10453/173829