Proceedings of the 4th International Conference on Management Science and Software Engineering (ICMSSE 2024)

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Theoretical Framework and Strategy Research on Project Portfolio Management in Engineering Design Enterprises

Authors
Hao Yao1, *, Jinjin Yang1
1Project Management Department, Guangzhou Electric Power Design Institute, Guangzhou, China
*Corresponding author. Email: yaohao1983@163.com
Corresponding Author
Hao Yao
Available Online 27 October 2024.
DOI
10.2991/978-94-6463-552-2_11How to use a DOI?
Keywords
Engineering Design; Project Portfolio Management; Theoretical Framework; Management Strategies
Abstract

This paper delves into the theoretical framework and strategic research for project portfolio management within engineering design enterprises in the context of the VUCA environment, characterized by Volatility, Uncertainty, Complexity, and Ambiguity. It underscores the inadequacy of traditional project management models in addressing the complexities of modern engineering projects, advocating for a shift towards a project portfolio management approach. This approach is not just an aggregation of individual projects but involves the synergistic interaction and comprehensive optimization of multiple projects. The paper introduces a SRT (Strategy, Resources, and Technology) theoretical framework to guide engineering design enterprises in managing project portfolios under VUCA conditions. It also presents strategic recommendations for dynamic strategic planning, efficient resource allocation, enhanced risk assessment, and the promotion of technological innovation and knowledge sharing to ensure the success of project portfolios and enhance the competitiveness of enterprises.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 4th International Conference on Management Science and Software Engineering (ICMSSE 2024)
Series
Advances in Engineering Research
Publication Date
27 October 2024
ISBN
978-94-6463-552-2
ISSN
2352-5401
DOI
10.2991/978-94-6463-552-2_11How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Hao Yao
AU  - Jinjin Yang
PY  - 2024
DA  - 2024/10/27
TI  - Theoretical Framework and Strategy Research on Project Portfolio Management in Engineering Design Enterprises
BT  - Proceedings of the 4th International Conference on Management Science and Software Engineering (ICMSSE 2024)
PB  - Atlantis Press
SP  - 109
EP  - 117
SN  - 2352-5401
UR  - https://doi.org/10.2991/978-94-6463-552-2_11
DO  - 10.2991/978-94-6463-552-2_11
ID  - Yao2024
ER  -