Featured Articles

3 limitations of PMBOK and how to overcome them

PMBOK is one of the world’s most popular project management approaches but it still has its limitations, writes J Jameson. Here are three issues and how to overcome them.

January 19, 2022

Project skills shortage a catalyst for digitisation and collaboration

Skills shortages in construction projects have become a catalyst for innovative ways of doing things, from digitisation of the sector to new forms of collaboration, writes Rob Bryant.

January 17, 2022

Can project managers succeed at complexity?

The hardest projects used to be about leading-edge engineering in harsh conditions. These days the complexity comes from, among other things, the diversity of stakeholders and the chance of decisions being revisited, writes Kieran Duck.

October 18, 2021

Managing the hybrid workplace

The remote office, and with it, the hybrid office, have created new opportunities and challenges. Here is Nina Fountain of Transformed Teams on how to navigate them.

September 23, 2021

A project manager’s guide to digital transformation

Emerging technologies have propelled digital transformation in business, however, the project management required is still nascent. This guide by Mahendra Gupta gives an overview of the skills needed to work with new technology.

September 2, 2021

The increasing need for project managers in the legal sector

The demand for project managers in the legal industry has surged. Dee Tamlin explains what is required as a legal project manager.

August 25, 2021

BIM and the modern project manager

Building information modelling (BIM) has the potential to transform project management, given that it brings never-before-seen efficiency. Here is Anna Liza Montenegro on how it will affect the modern project manager.

August 11, 2021

Managing infrastructure projects of the future

With major infrastructure spending comes the need to manage the benefits post-project. David Jenkins argues that a commitment of this size needs to be matched by an investment in the training of the professionals who will bring these projects to reality, and safely.

August 5, 2021

Why technology is the path to project recovery

While COVID-19 restrictions have caused construction project delays, they have also accelerated digital transformation. Rob Bryant of InEight discusses how technology can be the solution to project recovery.

September 27, 2021
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Contributing factors in optimal project portfolio selection—Doug Wheeler

Contributing factors in optimal project portfolio selection
The selection of projects and programs of work is a key function of both public and private sector organisations. Ideally, projects and programs that are selected to be undertaken are consistent with strategic objectives for the organisation; will provide value for money and return on investment; will be adequately resourced and prioritised; will not compete with general operations for resources and not restrict the ability of operations to provide income to the organisation; will match the capacity and capability of the organisation to deliver; and will produce outputs that are willingly accepted by end users and customers.

A modified Delphi approach has been applied in this study to investigate best practice and to determine the factors that contribute to optimal selection of projects, and the associated strategic level decision making.

There are various standards and practices that some may recognise as representing best practice in this area. Many of these have similar characteristics and this study has found no single best practice. Each of the participants in the study related to practices that are appropriate to the organisation, the size and nature of the candidate projects, the regulatory environment, its stakeholders, and the experience and capability of its personnel.The study identified the factors that contribute to the optimal selection of projects as: culture, process, knowledge of the business, knowledge of the work, education, experience, governance, risk awareness, selection of players, preconceptions, and time pressures. All these factors were found to be significant; to be appropriate to public sector organisations, private sector organisations and government owned corporations; and to have a strong linkage to research on strategic decision making. These factors can be consolidated into two underlying factors of
organisation culture and leadership.

The significance of the conclusions from this research is that organisations that do not give due consideration to the underlying drivers of organisation culture and leadership, will continue to make sub-optimal decisions on the billions of dollars they invest in projects each year.

Author: Doug Wheeler
Review status: Presented at the AIPM 2014 National Conference

August 14, 2014