Assessment On Project Portfolio Management Approaches Implementation Practice The Case Of It Projects In Bank Of Abyssinia

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Date

2020-06

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Publisher

Addis Ababa University

Abstract

The purpose of this study were identifying challenges of developing the Project Portfolio Management approaches and evaluates organizations effort to adopt project portfolio management approach on IT projects at Bank of Abyssinia. Works of literature were reviewed based on PPM process groups and investigate the practice and challenges of the case organization to the way of developing a project portfolio management approach in the realty. To attain it; descriptive research design was employed and both primary and secondary were used as data sources. Questionnaire for all staff of IT programs of case organization and an interview for selected top managers was as a source of primary data; while, document analysis and website were secondary data collection instruments. The data that found through the questionnaire was analyzed quantitatively using descriptive statistics through SPSS software version 23; based on the literature review and the data that will attain using interviews and an open-ended questionnaire was analyzed qualitatively. Accordingly; organizations practice on project portfolio management process groups’ development was found to be satisfactory; even there are many downsides under each process group. So the study result found that; each process groups was not effectively employed and a direct responsible department to sustain best practice and improve drawback wasn’t existed. The main challenging factor that hinders for the full utilization of such approaches according to the research result were: ineffective human resource management practice; problems to adopt new work culture; inadequacy of knowledge and experience; unproductive project management; lack common understanding and inadequate shared vision. For tackling such problem the case organization have to be establishing separated responsible department and improve the skill of existing parties partially responsible for it. Besides; developing procedure and criteria for recruitment of team members and build permanent experienced employees for project works are the recommended solution for such problems.

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Keywords

Program management, Project Portfolio management, Strategies, Implementation

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