Development of conceptual frameworks of matrix management of project and programme portfolios

Abstract

The paper discloses the features of management of the standard project and programme portfolios (SPPP) based on the analysis of the authors' experience and existing approaches to integration of project and portfolio management in domestic manufacturing companies. It is shown that these features require the implementation of an organic relationship between the systems of management of individual standard projects and programmes and management of SPPP in general. Key problems in the management of standard project and programme portfolios (SPPP), namely the lack of an effective approach to division of powers between the management of individual projects and programmes and management of project and programme portfolio, as well as shortcomings in the management tools are singled out. The research objective - development of conceptual frameworks of matrix management of SPPP is formulated. The ways of integration of the management of individual projects and programmes and management of SPPP using the matrix model, based on key portfolio events are outlined. For this, the key events, the control over which is taken to the level of SPPP management are selected in the set of project works. The scheme of attributing the key events to the information environment of the management systems of standard project and programme portfolios is given. The conceptual frameworks of matrix management of SPPP in the design and operational activities of manufacturing companies are proposed. The results of the introduction of the matrix management technology in the domestic project-oriented companies Karbon LLC, ICD Investments, Skaeton LLC and others are presented. It is shown that the use of tools based on the concept of matrix management of SPPP greatly (by 30-50%) increased the efficiency of project-oriented businesses of the companies. The efficiency of management tools of project and programme portfolios, developed within the concept of matrix management of SPPP confirmed the reliability of the theoretical results obtained. The materials of the paper can serve as a source of further spread of ideas and conceptual frameworks of matrix management technologies of SPPP to improve the efficiency of project-oriented businesses of manufacturing companies.