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Shedding New Light on Project Portfolio Risk Management

Author

Listed:
  • Mariusz Hofman

    (Faculty of Economics, Maria Curie-Sklodowska University, Maria Curie-Sklodowska 5, 20-031 Lublin, Poland)

  • Seweryn Spalek

    (Faculty of Organisation and Management, Silesian University of Technology, Akademicka 2A, 44-100 Gliwice, Poland)

  • Grzegorz Grela

    (Faculty of Economics, Maria Curie-Sklodowska University, Maria Curie-Sklodowska 5, 20-031 Lublin, Poland)

Abstract

This paper constitutes an innovative attempt to analyse the risks and negative phenomena dependencies within a project portfolio. Based on the available literature, the risks and negative phenomena (that is, the problems with the availability of resources, interpersonal conflicts, irregularities in the portfolio balance, etc.) specific to a project portfolio were identified. Theoretical constructs were then used to connect the identified risks with the negative phenomena. Structural equations were used to confirm the existence and quality of these constructs, as well as models describing connections between phenomena. The determination of the structural equations also provided a setting in which statistical methods (χ 2 , RMSEA and CFI) could be used to investigate the level of fit of the constructs and models to the empirical data.

Suggested Citation

  • Mariusz Hofman & Seweryn Spalek & Grzegorz Grela, 2017. "Shedding New Light on Project Portfolio Risk Management," Sustainability, MDPI, vol. 9(10), pages 1-19, October.
    • Handle: RePEc:gam:jsusta:v:9:y:2017:i:10:p:1798-:d:114090
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    References listed on IDEAS

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    Cited by:

    1. Camilo Micán & Gabriela Fernandes & Madalena Araújo, 2022. "Disclosing the Tacit Links between Risk and Success in Organizational Development Project Portfolios," Sustainability, MDPI, vol. 14(9), pages 1-19, April.
    2. Jonek-Kowalska, Izabela, 2019. "Consolidation as a risk management method in the lifecycle of a mining company: A novel methodological approach and evidence from the coal industry in Poland," Resources Policy, Elsevier, vol. 60(C), pages 169-177.

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