Izvestiya of Saratov University.

Economics. Management. Law

ISSN 1994-2540 (Print)
ISSN 2542-1956 (Online)

For citation:

Evseeva M. V. Projects and Programs Portfolio Management: Modern Requirements. Journal Izvestiya of Saratov University. Economics. Management. Law, 2019, vol. 19, iss. 2, pp. 165-171. DOI: 10.18500/1994-2540-2019-19-2-165-171

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Language: 
Russian
Heading: 
Management
Article type: 
Article
UDC: 
338.242.2
DOI: 
10.18500/1994-2540-2019-19-2-165-171

Projects and Programs Portfolio Management: Modern Requirements

Autors: 
Evseeva Marina Victorovna, Ural State University of Economics
Abstract: 

Introduction. Modern operating conditions of companies are determined by a number of global trends, such as changes in the format of doing business under the influence of digitalization and network economy, increasing the degree of environmental uncertainty due to the reduction of technological cycles and changes in the structure of transaction costs. This entails a change in the requirements for management technologies – they must be distinguished by flexibility, adaptability, and resource efficiency. Theoretical analysis. The methodological basis of the study was a set of theories concerning innovation management, portfolio and project management. The typology of project portfolios is represented by eleven types of portfolios. Project portfolio management models are classified by single and multi-criteria. The limitations of the well-known models of portfolio management application due to their low relevance to modern realities are noted. Empirical analysis. The main analysis method was a theoretical analysis of modern requirements for the functionality of the organization’s project management system. Results. It was revealed that the main requirements are to take into account the network effects of the mutual influence of projects in the portfolio, embed flexible technologies in the portfolio management process, and improve mechanisms for managing stakeholder and risks, as opportunities and threats. The obtained results can be used in practical work on projects and programs portfolios managing in any type of organizations.

Key words: 
project portfolio
stakeholder
network structures
portfolio management model
flexible technologies
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Received: 
10.04.2019
Accepted: 
14.05.2019