期刊
INTERNATIONAL JOURNAL OF PROJECT MANAGEMENT
卷 30, 期 6, 页码 675-685出版社
ELSEVIER SCI LTD
DOI: 10.1016/j.ijproman.2011.12.002
关键词
Senior management involvement; Project termination quality; Project portfolio management; Empirical study
类别
Project portfolios are vehicles for strategy implementation. Senior management should terminate projects no longer conforming to corporate strategy in order to ensure strategic fit. This paper investigates how rigorous termination of bad and troubled projects affects portfolio effectiveness and senior management's decisive role in this context. We introduce the concept of project termination quality, analyse its consequences for strategic fit and how it is affected by senior management involvement. Using a quantitative longitudinal study of a sample of project portfolios, we show that termination quality positively affects strategic fit. We also show a positive, but inverted u-shaped relationship between senior management involvement and termination quality. We conclude that there is an optimal degree of involvement, beyond which an additional involvement of senior managers results in negative effects. (C) 2011 Elsevier Ltd. APM and IPMA. All rights reserved.
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