Information technology for choosing the project portfolio management approach and the optimal level of maturity of an organization

Abstract

The choice of a project portfolio management approach has a significant impact on the effectiveness of the organization. However, each organization that carries out project activities must not only choose a project portfolio management approach, but also the degree to which its capabilities are used. This degree determines an organization's level of maturity in project portfolio management. There are many models of maturity known. The use of such models often involves a long study and costs organizations a lot of money. The paper is aimed at creating an information technology for choosing a project portfolio management approach and the optimal level of maturity of the organization in the field of project portfolio management. This information technology is created and presented in the form of IDEF0 diagram. Using information about the organization and the environment, experts can investigate the application of different alternative project portfolio management approaches. When performing this analysis, they use the Project Portfolio Management Approach Selection Method and the Organizational Maturity Level Selection Method for Portfolio Management. Using the first of these methods, experts can select the most appropriate approach based on two criteria: the risks from non-performance or imperfect performance of the processes of the generalized portfolio management process table and the cost of performing the approach processes. The second method is used to assess an organization's level of maturity in portfolio management and select the optimal level of maturity. Information technology is based on two developed applications. The first solution is designed to select the project portfolio management approach. The second application solves the problem of choosing the level of maturity of the organization in the field of portfolio management Projects. The applications have an intuitive interface. Both applications have been tested and are ready for use. Information technology is intended for use by project portfolio managers.