Evaluating and managing a process development project portfolio
Pilpola, Henriikka (2017)
Pilpola, Henriikka
2017
Tuotantotalous
Talouden ja rakentamisen tiedekunta - Faculty of Business and Built Environment
This publication is copyrighted. You may download, display and print it for Your own personal use. Commercial use is prohibited.
Hyväksymispäivämäärä
2017-08-16
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:tty-201708241699
https://urn.fi/URN:NBN:fi:tty-201708241699
Tiivistelmä
Project portfolio management has been studied extensively in the past and recently the research has focused more on specific areas of project portfolio management, such as project portfolio risk management and portfolio management quality. The research on process development projects as a project portfolio is not extensive. New product development portfolios focus more on creating new and creative products and on analyzing technological trends. Internal process development projects, on the other hand, are not necessarily executed to increase the revenue of the company but they increase organizational capabilities.
This thesis examined the process development project portfolio management practices in a large Finnish company. The case company is experiencing major growth in the next few years which is why many process development projects are in planning or already in execution phase. The study was a constructive study with a multi-method qualitative research approach. This means that there were many methods used for qualitative data collection. The empirical data was gathered with semi-structured interviews and a workshop in the case company.
The study revealed that the current process development project portfolio management is fragmented in the case company and therefore the case company needs improved project management practices. The current challenges in process development project portfolio management were for example single project management inefficiency, lack of systematic communication and the fact that there were no clear project portfolio management practices at the company level. In order to improve the management of internal process development projects, an assessment system was created. The features of the assessment system were for example a scoring model for project proposals, categorization for projects and a project portfolio management process with integrated organizational model.
This thesis examined the process development project portfolio management practices in a large Finnish company. The case company is experiencing major growth in the next few years which is why many process development projects are in planning or already in execution phase. The study was a constructive study with a multi-method qualitative research approach. This means that there were many methods used for qualitative data collection. The empirical data was gathered with semi-structured interviews and a workshop in the case company.
The study revealed that the current process development project portfolio management is fragmented in the case company and therefore the case company needs improved project management practices. The current challenges in process development project portfolio management were for example single project management inefficiency, lack of systematic communication and the fact that there were no clear project portfolio management practices at the company level. In order to improve the management of internal process development projects, an assessment system was created. The features of the assessment system were for example a scoring model for project proposals, categorization for projects and a project portfolio management process with integrated organizational model.