Investigating Association of Benefits and Barriers in Project Portfolio Management to Project Success

Abstract

Projects are increasingly initiated by organisations across Australia in alignment with the corporate strategies. This paper investigates and analyses the application of PPM in Australia by conducting a questionnaire survey with senior project, program and portfolio managers across Australia. The results suggested improvement in decision making, maximizing resource usage, alignment with business strategy and organisational risk reduction are the most common benefits found when implementing PPM. On the other hand, internal politics and culture, lacking organisational management support, and disagreement on a common project prioritization approach are the main barriers impeding the application of PPM.