Project portfolio management maturity model for dynamic environments

C. P. Killen; R. A. Hunt

Project portfolio management maturity model for dynamic environments

C. P. Killen, R. A. Hunt

Macquarie Graduate School of Management

Research output: Chapter in Book/Report/Conference proceeding › Conference proceeding contribution

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. PPM capabilities are shown to evolve in response to dynamic environments in six case studies. Capability Maturity Models (CMMs) are often used to outline the maturity paths for the establishment and evolution of PPM capabilities. This paper presents a PPM CMM that improves upon existing CMMs by incorporating organisational learning capabilities, by recognising antecedents for maturity stages that build upon other capabilities and by paying explicit attention to capabilities that assist in balancing exploration and exploitation projects.

Original language	English
Title of host publication	Australian Institute of Project Management 2009 conference proceedings
Publisher	Australian Institute of Project Management
Pages	1-9
Number of pages	9
Publication status	Published - 2009
Event	Australian Institute of Project Management Conference - Adelaide Duration: 11 Oct 2009 → 14 Oct 2009

Conference

Conference	Australian Institute of Project Management Conference
City	Adelaide
Period	11/10/09 → 14/10/09

Keywords

Project Portfolio Management (PPM)
Capability Maturity Model (CMM)
organisational learning
exploration and exploitation

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