Abstract:
Project portfolio management (PPM) capabilities provide a holistic decision-making framework to align projects with strategy and to ensure resource sufficiency for the project portfolio. PPM capabilities are shown to evolve in response to dynamic environments in six case studies. Capability Maturity Models (CMMs) are often used to outline the maturity paths for the establishment and evolution of PPM capabilities. This paper presents a PPM CMM that improves upon existing CMMs by incorporating organisational learning capabilities, by recognising antecedents for maturity stages that build upon other capabilities and by paying explicit attention to capabilities that assist in balancing exploration and exploitation projects.
