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Abstract

In this article, we develop a system of six management principles to enhance the success of innovative project portfolios. Ambition for a high degree of innovation and proactive anticipation of project sequences help drive and direct the long-term innovation strategy. On the tactical level, alignment contributes to resource spending, reflecting strategic goals and realizing synergies between projects. Ambidexterity supports an adequate balance between exploratory and exploitative projects. Adaptability and agility operationally foster managing the dynamics of project portfolios. Empirically, all principles but ambidexterity relate significantly positively to project portfolio success, accounting for 45% of the variance in project portfolio success.

Keywords

principles for project management projectification project lineage ambition alignment ambidexterity adaptability anticipation agility

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A System of Management Principles to Improve the Performance of Innovative Project Portfolios 1

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