toward a project portfolio management ......2019/06/13 · evaluation framework a conference paper...
TRANSCRIPT
21 JUN 2018 ASSISTANT PROFESSOR
LARS KRISTIAN HANSEN
AARHUS UNIVERSITY
DEPARTMENT OF MANAGEMENT
TOWARD A PROJECT PORTFOLIO MANAGEMENT EVALUATION FRAMEWORK
A CONFERENCE PAPER ACCEPTED AT THE
EURAM 2019
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PLOT
• How we developed the first version of a project
portfolio management evaluation framework.
• How this evaluation framework can be useful
for you…
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TOWARD A PROJECT PORTFOLIO MANAGEMENT EVALUATION FRAMEWORK
The research team
• Anna Le Gerstrøm Rode
• Anita Friis Sommer
• Per Svejvig
• Lars-Kristian Hansen
LARS KRISTIAN HANSEN
21 JUN 2018 ASSISTANT PROFESSORAARHUS UNIVERSITY
DEPARTMENT OF MANAGEMENT
PROJECT PORTFOLIO MANAGEMENT IS KEY
• Projects constitute a major part of
organizational budgets and strategic
development, project portfolio management
(PPM) becomes key
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LARS KRISTIAN HANSEN
21 JUN 2018 ASSISTANT PROFESSORAARHUS UNIVERSITY
DEPARTMENT OF MANAGEMENT
HOWEVER, HOW DO WE KNOW THAT WE ARE DOING PPM IN A GOOD WAY?
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MATURITY MODELS – MAYBE THE BEST AVAILABLE OPTION
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• Allows organizations to evaluate various
aspects of their procedures against
benchmarks (Nikkhou et al., 2016)
• P3M3 (OGC, 2006) (now Axelos), OPM3 (PMI,
2008) PPM maturity model (Gartner, 2014)
• Understanding maturity as a state where the
organization is in a perfect condition to to
achieve its objectives (Andersen and Jessen
2003)
MATURITY MODELS – GARTNER’S
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Score in five dimensions,
Relationship
People
Practices and process
Value and financial management
Technology
HOWEVER…FROM A RESEARCH POINT OF VIEW
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• The empirical support behind maturity
models are rather weak (Hansen and
Kræmmergard 2016)
• It is dubious that one universal and static
maturity model fits all organizational
settings across time and space (Drazin
and Van de Ven, 1985).
• Why five dimension…
• ….the theoretical and empirical
grounding could be more convincing
LARS KRISTIAN HANSEN
21 JUN 2018 ASSISTANT PROFESSORAARHUS UNIVERSITY
DEPARTMENT OF MANAGEMENT
OUR RESEARCH QUESTION…
• How can we evaluate the performance of PPM
using a theoretical and empirically grounded
framework?
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Theoretical
grounding
Empirical
grounding 1 2
EVALUATION THEORY
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(Rode and Svejvig 2018)
Theoretical
grounding 1
EVALUATION THEORY
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(Rode and Svejvig 2018)
MAKING EVALUATION THEORY CONCRETE
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• Descending the ladder
of abstraction:
translating abstract
theory on evaluation to
useful statements on
PPM
BUILDING A PROTOTYPE BASED ON THEORY
PPM litterateur Prototype of PPM evaluation
framework
based on theory
Prototype
TOGETHER WITH A LARGE COMPANY, WE DEVELOP, APPLY, AND REFINE OUR FRAMEWORK
Building, intervention,
and evaluation
Reflection and learning
Formalization of learning
Problem formulation
Company Alfa
Research team
Prototype Conference
paper
Building, intervention,
and evaluation
Reflection and learning
Formalization of learning
Problem formulation
Building, intervention,
and evaluation
Reflection and learning
Formalization of learning
Problem formulation
Empirical
grounding2
TOGETHER WITH A LARGE COMPANY, WE DEVELOP, APPLY, AND REFINE OUR FRAMEWORK
Building, intervention,
and evaluation
Reflection and learning
Formalization of learning
Problem formulation
Company Alfa
Research team
Prototype Conference
paper
Building, intervention,
and evaluation
Reflection and learning
Formalization of learning
Problem formulation
Building, intervention,
and evaluation
Reflection and learning
Formalization of learning
Problem formulation
FRAMEWORK: 20 QUESTIONS
What is the real
state…..?
What is the
ideal state…..?
GRAPHICAL ILLUSTRATION OF EVALUATION RESULTS
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Process
Benchmarking
Learning
Outcome
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PLOT
• How we developed the first version of a project
portfolio management evaluation framework.
• How this evaluation framework can be useful
for you…
The potential of practitioners
and academics working
close together in fast
iterations
Evaluate against what is
important for the particular
organization – not the
“universal” standard proposed
by maturity models
LARS KRISTIAN HANSEN
21 JUN 2018 ASSISTANT PROFESSORAARHUS UNIVERSITY
DEPARTMENT OF MANAGEMENT
NEXT STEP…
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• 10 organization from different sectors and of
different size have agreed to participate in the
next step
• We hope you will participate as well as your
type of organization is particular interesting for
our research
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QUESTION AND COMMENTS
LARS KRISTIAN HANSEN
21 JUN 2018 ASSISTANT PROFESSORAARHUS UNIVERSITY
DEPARTMENT OF MANAGEMENT
REFERENCES
• Drazin, R. and A. H. Van de Ven (1985). "Alternative forms of fit in contingency
theory." Administrative science quarterly: 514-539.
• Eccles, R. G. and S. Klimenko (2019). "The Investor Revolution Shareholders are
getting serious about sustainability." Harvard Business Review 97(3): 106-116.
• Gartner (2014) https://www.gartner.com/en/documents/2837917
• Gupta, S. (2018). Driving Digital Strategy: A Guide to Reimagining Your Business.
Boston, MA, USA.
• Hansen, L. K., et al. (2019 ). Toward a project portfolio management evaluation
framework. European Academy of Management (EURAM)
• Hansen, L. K. and P. Kræmmergard (2016). Discourses and theoretical assumptions
in IT project portfolio management: A review of the literature. Project Management:
Concepts, Methodologies, Tools, and Applications: Concepts, Methodologies, Tools,
and Applications. I. M. Association. United States of America IGI Global: 34.
• Rode, A. L. G. and P. Svejvig (2018). "Project evaluation: one framework - four
approaches." Dansk Projekt Ledelse.
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THE END
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AARHUS UNIVERSITY
DEPARTMENT OF MANAGEMENT