Date of this Version
Project Portfolio Management (PPM) is increasingly adopted by organizations in Australia. In order to select, prioritize and monitor simultaneous on-going projects with limited resources, there is a need for PPM to optimize investment by utilising a PPM governance structure to deal with constant change and focus on achievement of organizational strategy. PPM, due to its ambiguity and complexity, brings a great challenge for the project portfolio manager to manage its processes, people and practices. However, literature indicates that PPM practices vary and need to be adapted to organizational situations according to project types, governance types and environmental complexity.