Value Creation in the Multi-Project Environment

In this study, the author assumes that the value created by multi-project structures significantly affects the financial performance of an organisation. Currently available studies focus on the creation of the expected outputs of project portfolios, the author assumes, however, that the construct of other multi-project structures that is similar in conceptual terms (i.e. project chains and networks) justifies the generalisation of conclusions included in such studies. An analysis of the available literature on the subject in the context of requirements of a knowledge-based economy (KBE) makes it possible to distinguish some key factors affecting the value created by multi-project structures. These include: appropriate allocation and balancing of resources, transfer of knowledge within such structures, as well as development and maintenance of positive relationships with stakeholders. In the opinion of the author, these factors create value within the framework of multi-project structures, as they generate and accumulate the added value and intangible assets. The second assumption made in this paper is that the level of value created by multi-project structures has a significant impact on the financial performance of an organisation. This approach is different from the few previously employed, as it assumes that the added value and intangible assets generated within multi-project structures significantly contribute to such performance.