Toward a project portfolio management evaluation framework
Hansen, Lars Kristian; id_orcid 0000-0003-3714-4123, Anna Le Gerstrøm Rode, Anita Friis Sommer, Per Svejvig · 2019
As projects constitute a major part of organizational budgets and strategic development, practitioners become dependent on project portfolio management (PPM). However, the existing knowledge on how to evaluate and improve PPM is rather fragmented and lacks empirical grounding. We ask: How can we develop a holistic and empirically validated PPM evaluation framework? Drawing on evaluation theory, we structure contributions from 20 PPM publications into a framework with four evaluation areas. Together with a large company, we develop, apply, and refine the framework. As a result, we offer two contributions: (1) a theory-ingrained artifact that structures a fragmented body of knowledge into four related PPM evaluation areas, and (2) a demonstration of how a theory-ingrained evaluation artifact can serve as an evaluation framework that helps practitioners identify strengths and improvement potential in PPM. In conclusion, we discuss how our results may inform future research and help organizations evaluate PPM.