Making Sense of Projects—Developing Project Portfolio Management Capabilities

Frederik Ahlemann, Peder Bergan, Erik Karger (), Malte Greulich and Stefan Reining
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Frederik Ahlemann: University of Duisburg-Essen
Peder Bergan: University of Duisburg-Essen
Erik Karger: University of Duisburg-Essen
Malte Greulich: Karlsruhe Institute of Technology
Stefan Reining: University of Duisburg-Essen

Schmalenbach Journal of Business Research, 2024, vol. 76, issue 2, 293-325

Abstract: Abstract Project management and project portfolio management (PPM) foster competitiveness by facilitating the implementation of organizational strategy. Although organizations often struggle to develop PPM capabilities, the academic community does not have an in-depth understanding of the conditions for successfully developing these capabilities. In response, we conducted a multiple-case study with 50 interviewees to develop a theoretical model of the PPM capability-building process. This model is built on the notion of organizational sensemaking and identifies aspects that comprehensively explain why it usually takes so long to develop PPM capabilities. We conceptualize the PPM capability-building process as one that is strongly influenced by (1) the effects of structural rearrangements, (2) the appropriate use of external resources during that process, (3) the role of executive support and legitimization, (4) episodes of regression, and (5) the need for internalization and habitualization. In addition, we provide starting points for explaining organizational capability building in more general terms.

Keywords: Project management; Project portfolio management; Capabilities; Organizational sensemaking; Interpretive schema; Capability building; External resources; Internalization; Habitualization; Legitimization; M10; M14; M15; O31; O32; O33 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s41471-023-00178-8

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