scholarly journals IMPACT OF COVID 19 PANDEMIC ON PROJECT PORTFOLIO MANAGEMENT-A CASE STUDY ON CONSTRUCTION INDUSTRY IN SOUTHERN INDIA

2021 ◽  
Vol 12 (2) ◽  
pp. 168-178
Author(s):  
Ajay Krishnan ◽  
Ajithkumar S ◽  
Manishankar G ◽  
Upendra K ◽  
Kabilan A ◽  
...  
Keyword(s):  
Risk Factors ◽  
Real Estate ◽  
Construction Industry ◽  
Portfolio Management ◽  
Construction Projects ◽  
Project Portfolio ◽  
Project Portfolio Management ◽  
Management Tools ◽  
Real Estate Sector ◽  
The Impact

In India, Project Portfolio Management (PPM) is in practice as a tool for prioritizing and managing real estate projects in construction organizations. But due to insufficient funding, improper judgment of experts during the crisis situation, the selection of optimal project portfolio prototype can be viewed as a risk based decision making process involving various risk factors. The objective of this study is to analyze the importance of project portfolio management and the risks associated with it in the construction industry taking into account the impact of novel corona virus COVID 19. This research identifies the adoption of more consistent project governance, risk management techniques and way more careful project portfolio management as the core area of study. A conceptual framework for Project Portfolio Management is also designed after analyzing various parameters of Project Portfolio Management of construction industry with the help of Bayesian framework. The key motive for undertaking this part of examination on real estate sector of Indian construction industry in southern part of India to reduce the impacts and increase the return on investment from the projects by mitigating the effect of risk factors associated in the projects.  Project Portfolio Management tools and techniques are very useful for managing multiple construction projects.

Review of the Development of Project Portfolio Management

2013 ◽  
Vol 838-841 ◽  
pp. 3131-3134
Author(s):  
Na Guo ◽  
Shi Rui Xiao
Keyword(s):  
Project Management ◽  
Construction Industry ◽  
Portfolio Management ◽  
Construction Projects ◽  
Current Situation ◽  
Project Portfolio ◽  
Project Portfolio Management ◽  
Construction Companies ◽  
Fast Development ◽  
Complex Construction

With the fast development of the construction industry, traditional project management cannot deal with some complex construction projects. This paper reviewed the development of the project portfolio management and the current situation of the Chinese construction industry. We suggest that project portfolio management is applicable and should be adopted in Chinese construction companies.

The Necessity of Project Portfolio Management in the Construction Industry of China Mainland

2013 ◽  
Vol 357-360 ◽  
pp. 2238-2241 ◽  
Author(s):  
Na Guo ◽  
Shi Wang Yu
Keyword(s):  
Project Management ◽  
Construction Industry ◽  
Portfolio Management ◽  
Construction Projects ◽  
Project Portfolio ◽  
Project Portfolio Management ◽  
Construction Companies ◽  
Fast Development ◽  
Complex Construction ◽  
China Mainland

With the fast development of the construction industry, traditional project management cannot deal with some complex construction projects. This paper introduced the development of the project portfolio management and the current situation of the Chinese construction industry. We suggested that project portfolio management is applicable and should be adopted in Chinese construction companies. At last, the implement environment of project portfolio management was discussed.

scholarly journals ANALYSIS ON PROJECT PORTFOLIO MANAGEMENT PRACTICES IN INDIAN CONSTRUCTION INDUSTRY

2021 ◽  
Vol 12 (2) ◽  
pp. 179-188
Author(s):  
Sivasundara Vinayagam ◽  
Hemprashant R V ◽  
Sruthy S ◽  
Vidya Sanjeev ◽  
P Muralidhar
Keyword(s):  
Construction Industry ◽  
Portfolio Management ◽  
Construction Projects ◽  
Management Practices ◽  
Entropy Method ◽  
Project Portfolio ◽  
Project Portfolio Management ◽  
Scarce Resources ◽  
Construction Organizations ◽  
Construction Organization

Project Portfolio management (PPM) is a combination of projects under the sponsorship of a particular construction organization sharing the scarce resources, managing projects and programs within the portfolio. It requires different strategies, models and practices. Many organizations across the country have projects in their sector in different places. However they abandoned temporarily suspended or closed within a decade which is troublesome. Proper PPM helps to execute the construction project effectively. As such, the aim of this research paper is to identify PPM practices in different construction organizations with a view to examine the effects of such practices on the project portfolio. The current research topic focuses on analysing the project performance of different construction projects using Project Portfolio Management practices. In this research a questionnaire survey related to the Project Portfolio Management on four major practices is carried out among the various professionals in Indian Construction Industry with help of Multi Criteria Decision Making (MCDM) techniques such as Entropy Method, SAW, CODAS methods and ranking the various project portfolio.

Project Portfolio Management

2020 ◽  
pp. 547-563
Author(s):  
Beata Jałocha ◽  
Ewa Bogacz-Wojtanowska
Keyword(s):  
Portfolio Management ◽  
Management Practices ◽  
Third Sector ◽  
Corporate Management ◽  
Project Portfolio ◽  
Project Portfolio Management ◽  
Management Tools ◽  
Strategic Objectives ◽  
Governmental Organizations ◽  
Non Governmental Organizations

Project Portfolio Management is a relatively new practice for the majority of non-government organisations. Project portfolio management is important in the areas of management and education of third sector practitioners. However, project portfolio management, corporate management tools are usually used in the business sector with very little research undertaken in the non-government sectors. This chapter fills that research gap by identifying and analysis of project portfolio management practices in non-governmental organizations. Findings suggest that non-government organisations manage multiple projects simultaneously but that project portfolio management could support them to build their portfolio in accordance with a strategic plan that can fulfil their strategic objectives efficiently and effectively.

scholarly journals The impact of project portfolio management on information technology projects

2005 ◽  
Vol 23 (7) ◽  
pp. 524-537 ◽  
Author(s):  
Bert De Reyck ◽  
Yael Grushka-Cockayne ◽  
Martin Lockett ◽  
Sergio Ricardo Calderini ◽  
Marcio Moura ◽  
...  
Keyword(s):  
Information Technology ◽  
Portfolio Management ◽  
Project Portfolio ◽  
Project Portfolio Management ◽  
Information Technology Projects ◽  
The Impact

Project Portfolio Management

2017 ◽  
pp. 87-103
Author(s):  
Beata Jałocha ◽  
Ewa Bogacz-Wojtanowska
Keyword(s):  
Portfolio Management ◽  
Management Practices ◽  
Third Sector ◽  
Corporate Management ◽  
Project Portfolio ◽  
Project Portfolio Management ◽  
Management Tools ◽  
Strategic Objectives ◽  
Governmental Organizations ◽  
Non Governmental Organizations

Project Portfolio Management is a relatively new practice for the majority of non-government organisations. Project portfolio management is important in the areas of management and education of third sector practitioners. However, project portfolio management, corporate management tools are usually used in the business sector with very little research undertaken in the non-government sectors. This chapter fills that research gap by identifying and analysis of project portfolio management practices in non-governmental organizations. Findings suggest that non-government organisations manage multiple projects simultaneously but that project portfolio management could support them to build their portfolio in accordance with a strategic plan that can fulfil their strategic objectives efficiently and effectively.

scholarly journals Construction Cash Flow Risk Index

2021 ◽  
Vol 14 (6) ◽  
pp. 269
Author(s):  
Hasan Mahmoud ◽  
Vian Ahmed ◽  
Salwa Beheiry
Keyword(s):  
Risk Factors ◽  
Construction Industry ◽  
Cash Flow ◽  
Construction Projects ◽  
Risk Index ◽  
Relative Importance ◽  
Capital Projects ◽  
Cash Flow Forecasts ◽  
Cash Flow Risk ◽  
The Impact

As investment increases in capital projects, financial risks increase, and cash flow prediction and control become more paramount. Higher risks could hinder project performance and increase the chances of failure in multiple aspects of a project. While there are models that aim to assess and forecast risks in the construction industry, none present a technique to include the impact of risks on a project’s cash flow. Therefore, cash flow forecasts tend to exceed the actual cash flow of a project due to inaccurate risk assessment. Thus, this paper presents the Cash Flow Risk Index (CFRI) development process quantifying the impact of risks on a project’s cash flow from an owner’s perspective. To that end, the study explored the literature to identify the risk factors that might impact a construction projects’ cash flow and uncovered 44 factors. The study also validated and consolidated these factors to build a CFRI via a Delphi exercise, which reduced the factors from 44 to 36. In further iterations, the 36 factors were also shared with 32 construction industry professionals to rate their relative importance on a five-point Likert scale, from which relative importance index and weights were obtained. As a result, the CFRI was developed to measure the impact of different risk factors on a typical construction project’s cash flow.

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