Project Portfolio Management Practices in Nigeria’s Construction Industry

Sadiq Gumi Abubakar*, Feng JingChun, Salisu Gidado Dalibi, Labaran Usman Inuwa and Mehedi Mohammad Foysall
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Sadiq Gumi Abubakar*: Business school of Hohai University Nanjing City, China
Feng JingChun: Business school of Hohai University Nanjing City, China Professor and Asst. Dean, Business school of Hohai University Nanjing City, China
Salisu Gidado Dalibi: Business school of Hohai University Nanjing City, China Department of Quantity Surveying, Abubakar Tafawa Balewa University, Bauchi, Nigeria
Labaran Usman Inuwa: Business school of Hohai University Nanjing City, China
Mehedi Mohammad Foysall: Business school of Hohai University Nanjing City, China

Business, Management and Economics Research, 2018, vol. 4, issue 6, 75-84

Abstract: Project Portfolio Management (PPM) is a combination of projects or a set of business practices that integrates projects under the sponsorship organizations. These require different approaches, strategies, models, and practices when managing projects and programs within the portfolio. In Nigeria, many organizations have projects, subsidiaries, and branches in many cities across the country. However, they fold, abandoned, temporarily suspended or close within a decade or two, which is worrisome. These are linked to their PPM practices. As such, the aim of this paper is to identify, assess and discuss the PPM practices in Nigeria’s construction organizations with a view to examining the effects of such practices on the project portfolios. The research reviewed data from journals, conference/seminar/workshop papers, the internet etc. on the Project Portfolio Management (PPM) related fields and areas that help to identify, and narrow fourteen-PPM practices within the Nigerian and Global Context. These identified practices form the backbone of the research questionnaire, randomly administered to various professionals in Nigeria’s construction industry. In the overall analyses, these fourteen-PPM practices are significantly effective in terms of good performances in PPM organizations in Nigeria’s construction industry. These practices provide positive results on the overall PPM performances in achieving the organizational objectives in the portfolios.

Keywords: Construction industry; Organizations; Factors; Portfolio; Projects; Practices; Nigeria. (search for similar items in EconPapers)
Date: 2018
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