Measuring project portfolio management maturity
Hänninen, Kirsti (2016)
Haaga-Helia ammattikorkeakoulu
2016
All rights reserved
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2016060912544
https://urn.fi/URN:NBN:fi:amk-2016060912544
Tiivistelmä
The thesis is researching portfolio management maturity in organizations that have project type of work. The objective of the thesis is to define what factors affect portfolio management maturity, how the maturity level can be evaluated and create a method for measuring current level of maturity. The thesis also provides maturity level improvement suggestions.
Why is maturity measurement useful? The organizations that have project type of work often have some standardized practices. But the level of usage and knowhow in the organizations vary. Even the best processes and practices are useless if they do not bring any business value to the organization. Therefore it is important to maintain and develop processes, which enhance efficiency in operations and business benefit creation. This is where portfolio management plays the key role, acting as a mid-level executive management function, aligning strategic level objectives to the actual program and project work. Portfolio management ensures the realization of expected business benefits.
The theoretical framework of the thesis compiles the basis for project portfolio management maturity level classification. The thesis examines portfolio management practices, related literature, articles and earlier studies. Maturity models provide organizations with a starting point for benchmarking the current level of portfolio management performance and provide guidelines for improvement. Portfolio management maturity is not industry specific or dependable of the size of the organization. Therefore the created theoretical contribution as a synthesis of the thesis can be applied to any organization that runs project type of work.
The beneficiary of the thesis is Tieto Corporation’s Practical Project Steering (PPS) product line, which established a need for a method that could be used for measuring organizational portfolio management maturity. The thesis is a public document excluding the confidential measurement method created for PPS.
Why is maturity measurement useful? The organizations that have project type of work often have some standardized practices. But the level of usage and knowhow in the organizations vary. Even the best processes and practices are useless if they do not bring any business value to the organization. Therefore it is important to maintain and develop processes, which enhance efficiency in operations and business benefit creation. This is where portfolio management plays the key role, acting as a mid-level executive management function, aligning strategic level objectives to the actual program and project work. Portfolio management ensures the realization of expected business benefits.
The theoretical framework of the thesis compiles the basis for project portfolio management maturity level classification. The thesis examines portfolio management practices, related literature, articles and earlier studies. Maturity models provide organizations with a starting point for benchmarking the current level of portfolio management performance and provide guidelines for improvement. Portfolio management maturity is not industry specific or dependable of the size of the organization. Therefore the created theoretical contribution as a synthesis of the thesis can be applied to any organization that runs project type of work.
The beneficiary of the thesis is Tieto Corporation’s Practical Project Steering (PPS) product line, which established a need for a method that could be used for measuring organizational portfolio management maturity. The thesis is a public document excluding the confidential measurement method created for PPS.