TY - JOUR
T1 - The status of project portfolio management practices adoption and awareness in Gulf Cooperation Counties
T2 - an empirical study
AU - Hasna, Abdulrahman
AU - Raza, Syed Asif
PY - 2010
Y1 - 2010
N2 - Project portfolio management (PPM) is a set of tools that help in aligning projects, funding and resources with the organisational objectives. A sound PPM practice is expected to minimise project delays, assist in risk mitigation and enable the best utilisation of organisation resources. Many countries in Gulf Cooperation Council (GCC) region are experiencing high volume of projects carried in all of sectors. Delegates to the first Euro money Global Infrastructure Finance Conference held in Dubai, in association with HSBC, reported that the expected total GCC expenditure on infrastructure for the next decade is $1.5 trillion (Middle East: daily newspaper, Tuesday, 29 January 2009). With this immense increase in the number of projects, an efficient framework such as PPM is inevitable for the organisations operating in the GCC region. This study aims to report the status of PPM awareness and adoption in the organisations from GCC countries. A conceptual model based on structural equation modelling approach is proposed using a survey carried out among the GCC organisations. The model explores the status of PPM adoption, awareness and its impact on GCC organisations in improving their risk management and budget controls. The statistical analysis of the conceptual model supported that PPM practices in the GCC organisations have improved risk management and budget controls as well as helped achieving their strategic goals.
AB - Project portfolio management (PPM) is a set of tools that help in aligning projects, funding and resources with the organisational objectives. A sound PPM practice is expected to minimise project delays, assist in risk mitigation and enable the best utilisation of organisation resources. Many countries in Gulf Cooperation Council (GCC) region are experiencing high volume of projects carried in all of sectors. Delegates to the first Euro money Global Infrastructure Finance Conference held in Dubai, in association with HSBC, reported that the expected total GCC expenditure on infrastructure for the next decade is $1.5 trillion (Middle East: daily newspaper, Tuesday, 29 January 2009). With this immense increase in the number of projects, an efficient framework such as PPM is inevitable for the organisations operating in the GCC region. This study aims to report the status of PPM awareness and adoption in the organisations from GCC countries. A conceptual model based on structural equation modelling approach is proposed using a survey carried out among the GCC organisations. The model explores the status of PPM adoption, awareness and its impact on GCC organisations in improving their risk management and budget controls. The statistical analysis of the conceptual model supported that PPM practices in the GCC organisations have improved risk management and budget controls as well as helped achieving their strategic goals.
KW - GCC
KW - Gulf Cooperation Council
KW - Middle East Region
KW - PPM
KW - SEM
KW - awareness
KW - project portfolio management
KW - structural equation modelling
KW - survey
UR - http://www.scopus.com/inward/record.url?scp=84874991343&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84874991343&partnerID=8YFLogxK
U2 - 10.1504/IJPOM.2010.033661
DO - 10.1504/IJPOM.2010.033661
M3 - Article
AN - SCOPUS:84874991343
SN - 1740-2891
VL - 2
SP - 174
EP - 192
JO - International Journal of Project Organisation and Management
JF - International Journal of Project Organisation and Management
IS - 2
ER -