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The increasing use of project and programs by organizations to achieve business strategy has led to the need to understand portfolio management. Along with the increasing diffusion of portfolio management a new managerial role evolves: the portfolio manager. This new role is pivotal in planning and controlling complex project landscapes more effectively and more efficiently, in implementing portfolio management practices as a management innovation.
The practices of portfolio management, together with the associated roles, responsibilities of portfolio managers were investigated. This paper presents the first stage qualitative study, using an inductive interview based approach with six portfolio managers from six organizations in Australia. The results from the qualitative study are used to validate the research model developed on the basis of previous research and develop the constructs for the concept of portfolio context and the roles, responsibilities and practices of portfolio managers in the research model for the next stage, a quantitative study. It therefore offers practitioners an initial point for designing organizational governance structures and job descriptions to increase the portfolio management performance. For scholars this article paves the way for an empirical study on the managerial and theoretical implication on portfolio management.