Multi-stakeholder perspectives of value in project portfolios

Publisher:
European Research and Management Conference 2016
Publication Type:
Conference Proceeding
Citation:
Proceedings of EURAM 2016, 2016
Issue Date:
2016-06-01
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Organisations invest in projects to create value. One of the key goals of managing multiple projects from a project portfolio perspective is to maximise this value across the portfolio. The value generated by projects has long been understood to be more than just the direct financial value, and researchers are actively working on extending the understanding of value for project portfolio management (PPM) environments. However, value is a complex phenomenon – value is not a fixed entity, but rather it varies in the ways it is perceived by each stakeholder, and in how value perceptions are translated into practice. This paper explores practices for understanding value by different stakeholders in various contexts and identifies seven perspectives through which value is identified in project portfolio environments. A typology of value perspectives is presented that aims to guide and improve practice by extending the range of values that are perceived, anticipated and considered for PPM decision making.
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