Project portfolio risk management: a structured literature review with future directions for research
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/1822/71163 |
Resumo: | Project Portfolio Risk Management (PPRM) has been identified as a relevant area regarding project portfolio success. This paper reports on a structured literature review of PPRM. A structured search and selection process was carried out and conventional content analysis was conducted in the literature analysis of 62 papers published in international journals. PPRM has its theoretical and practical bases in the modem theory of portfolios, decision theory and risk management (RM). The content analysis reveals four main recurrent topics in PPRM: (1) The influence of RM on project portfolio success, based on project portfolio impact level, moderators or contingency factors between RM and project portfolio success, and PPRM dimensions; (2) risk and project interdependencies, highlighting resources, technology, outcome, value, and accomplishment project interdependencies; (3) project portfolio risk (PPR) identification, where four main risk source categories are identified; and (4) PPR assessment, composed of risk measures and the main methods used for risk assessment. Therefore, this study provides an overview of PPRM as a research field, while it also promotes four future research directions: (1) PPRM as part of organizational RM (2) RM, success dimensions and strategic impact; (3) mechanisms for PPR assessment, and (4) PPRM as a complex and dynamic system. |
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Project portfolio risk management: a structured literature review with future directions for researchproject portfolio managementproject portfolio risk managementstructured literature reviewresearch opportunitiesEngenharia e Tecnologia::Outras Engenharias e TecnologiasSocial SciencesProject Portfolio Risk Management (PPRM) has been identified as a relevant area regarding project portfolio success. This paper reports on a structured literature review of PPRM. A structured search and selection process was carried out and conventional content analysis was conducted in the literature analysis of 62 papers published in international journals. PPRM has its theoretical and practical bases in the modem theory of portfolios, decision theory and risk management (RM). The content analysis reveals four main recurrent topics in PPRM: (1) The influence of RM on project portfolio success, based on project portfolio impact level, moderators or contingency factors between RM and project portfolio success, and PPRM dimensions; (2) risk and project interdependencies, highlighting resources, technology, outcome, value, and accomplishment project interdependencies; (3) project portfolio risk (PPR) identification, where four main risk source categories are identified; and (4) PPR assessment, composed of risk measures and the main methods used for risk assessment. Therefore, this study provides an overview of PPRM as a research field, while it also promotes four future research directions: (1) PPRM as part of organizational RM (2) RM, success dimensions and strategic impact; (3) mechanisms for PPR assessment, and (4) PPRM as a complex and dynamic system.This research was sponsored by the University of Valle, Colombia, and Colfuturo-Colciencias, Colombia.SciKAUniversidade do MinhoMican, CamiloFernandes, Aldora Gabriela GomesAraújo, Maria Madalena Teixeira de20202020-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/1822/71163engMican Rincon, C., Fernandes, G., & Araújo, M. (2020). Project portfolio risk management: a structured literature review with future directions for research. 8, 67-84. doi: 10.12821/ijispm0803042182-779610.12821/ijispm080304https://doi.org/10.12821/ijispm080304info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:52:19Zoai:repositorium.sdum.uminho.pt:1822/71163Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:51:24.119303Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Project portfolio risk management: a structured literature review with future directions for research |
title |
Project portfolio risk management: a structured literature review with future directions for research |
spellingShingle |
Project portfolio risk management: a structured literature review with future directions for research Mican, Camilo project portfolio management project portfolio risk management structured literature review research opportunities Engenharia e Tecnologia::Outras Engenharias e Tecnologias Social Sciences |
title_short |
Project portfolio risk management: a structured literature review with future directions for research |
title_full |
Project portfolio risk management: a structured literature review with future directions for research |
title_fullStr |
Project portfolio risk management: a structured literature review with future directions for research |
title_full_unstemmed |
Project portfolio risk management: a structured literature review with future directions for research |
title_sort |
Project portfolio risk management: a structured literature review with future directions for research |
author |
Mican, Camilo |
author_facet |
Mican, Camilo Fernandes, Aldora Gabriela Gomes Araújo, Maria Madalena Teixeira de |
author_role |
author |
author2 |
Fernandes, Aldora Gabriela Gomes Araújo, Maria Madalena Teixeira de |
author2_role |
author author |
dc.contributor.none.fl_str_mv |
Universidade do Minho |
dc.contributor.author.fl_str_mv |
Mican, Camilo Fernandes, Aldora Gabriela Gomes Araújo, Maria Madalena Teixeira de |
dc.subject.por.fl_str_mv |
project portfolio management project portfolio risk management structured literature review research opportunities Engenharia e Tecnologia::Outras Engenharias e Tecnologias Social Sciences |
topic |
project portfolio management project portfolio risk management structured literature review research opportunities Engenharia e Tecnologia::Outras Engenharias e Tecnologias Social Sciences |
description |
Project Portfolio Risk Management (PPRM) has been identified as a relevant area regarding project portfolio success. This paper reports on a structured literature review of PPRM. A structured search and selection process was carried out and conventional content analysis was conducted in the literature analysis of 62 papers published in international journals. PPRM has its theoretical and practical bases in the modem theory of portfolios, decision theory and risk management (RM). The content analysis reveals four main recurrent topics in PPRM: (1) The influence of RM on project portfolio success, based on project portfolio impact level, moderators or contingency factors between RM and project portfolio success, and PPRM dimensions; (2) risk and project interdependencies, highlighting resources, technology, outcome, value, and accomplishment project interdependencies; (3) project portfolio risk (PPR) identification, where four main risk source categories are identified; and (4) PPR assessment, composed of risk measures and the main methods used for risk assessment. Therefore, this study provides an overview of PPRM as a research field, while it also promotes four future research directions: (1) PPRM as part of organizational RM (2) RM, success dimensions and strategic impact; (3) mechanisms for PPR assessment, and (4) PPRM as a complex and dynamic system. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020 2020-01-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/1822/71163 |
url |
http://hdl.handle.net/1822/71163 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Mican Rincon, C., Fernandes, G., & Araújo, M. (2020). Project portfolio risk management: a structured literature review with future directions for research. 8, 67-84. doi: 10.12821/ijispm080304 2182-7796 10.12821/ijispm080304 https://doi.org/10.12821/ijispm080304 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
SciKA |
publisher.none.fl_str_mv |
SciKA |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
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1799133102109360128 |