A1 Refereed original research article in a scientific journal
Alternative Approaches to Innovation Project Portfolio Governance
Authors: Tuominen Siiri, Martinsuo Miia
Publisher: Sage
Publication year: 2024
Journal: Project Management Journal
Journal name in source: Project Management Journal
eISSN: 1938-9507
DOI: https://doi.org/10.1177/87569728241242429
Web address : https://doi.org/10.1177/87569728241242429
Self-archived copy’s web address: https://research.utu.fi/converis/portal/detail/Publication/387727737
Abstract
The governance of projects is often treated operationally, as project portfolio management. Project portfolio governance is more strategic and continuous than project portfolio management, but its various approaches are weakly understood. This study explores project portfolio governance in innovative companies. The resulting framework characterizes governance approaches in terms of the authority given to portfolio actors and the rhythm of using governance practices. Differences among the delegated, regulated, and consultative governance approaches appear to stem from the industry clock speed, innovation portfolio type, and organizational context. This study differentiates project portfolio governance approaches as part of organizational project management governance.
The governance of projects is often treated operationally, as project portfolio management. Project portfolio governance is more strategic and continuous than project portfolio management, but its various approaches are weakly understood. This study explores project portfolio governance in innovative companies. The resulting framework characterizes governance approaches in terms of the authority given to portfolio actors and the rhythm of using governance practices. Differences among the delegated, regulated, and consultative governance approaches appear to stem from the industry clock speed, innovation portfolio type, and organizational context. This study differentiates project portfolio governance approaches as part of organizational project management governance.
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