Utilisation of BSC to transform corporate-level goals into project portfolio strategies

Naser Bagheri Moghadam, Majid Samsami, Seyed Hossein Hosseini and Mahdi Sahafzadeh

International Journal of Project Organisation and Management, 2015, vol. 7, issue 2, 132-150

Abstract: This research is to make an unambiguous relationship between a company's vision, goals, and corporate strategies and its project portfolio management (PrPoM) strategies through a case study. According to related literature, experts' panel, and balanced score card (BSC) method, a practical framework to transform corporate-level goals into project portfolio strategies is developed. Using BSC, we are to prepare a suitable method to select and determine priority of projects according to macro strategies of the company. Ultimately, the priority is used in modifying the investment program (which influences the company's financial indicators). Finally, the framework is applied to an Iranian private power producer company to validate the results of this research. This paper provides practitioners with a framework of how companies can practically make a relationship between their goals, projects' priority, and arrangement in investment program. Also, the article can be used as an actual example for who are practicing in this field.

Keywords: balanced score card; BSC; project portfolio management; corporate goals; business strategies; project road map; case study; Iran; project priorities; investment programmes; power generation. (search for similar items in EconPapers)
Date: 2015
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