Uncertainties and dynamics in the practice of innovation project portfolio management
Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Scientific › peer-review
Details
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the 26th Innovation and Product Development Management Conference |
| Subtitle of host publication | June 9th - 11th, 2019, at the School of Business, University of Leicester, England |
| Publisher | European Institute for Advanced Studies in Management, EIASM |
| Number of pages | 17 |
| Publication status | Published - Jun 2019 |
| Publication type | A4 Article in a conference publication |
| Event | INNOVATION AND PRODUCT DEVELOPMENT MANAGEMENT CONFERENCE - Duration: 12 Aug 2019 → … |
Conference
| Conference | INNOVATION AND PRODUCT DEVELOPMENT MANAGEMENT CONFERENCE |
|---|---|
| Period | 12/08/19 → … |
Abstract
Innovation project portfolios face uncertainties and require dynamic approaches to management practice. The uncertainties are the most prevalent in firms that promote innovativeness in their strategies. Previous studies on the practice of innovation project portfolio management have not offered sufficient evidence on the conditions of high innovativeness. This study explores the practice of innovation project portfolio management, with the aim to identify patterns of managing uncertainty at the level of the portfolio specifically in highly innovative contexts. A qualitative case study research is implemented in two innovative companies in the construction and software industries. The findings reveal the uncertainties and related practices of innovation portfolio management during planning and managing the portfolio. Innovative firms discover and also cause uncertainties in the routine processes of IPPM. Idea sourcing, dynamic cross-project competition, and resource dynamics are revealed as possible mechanisms for managing uncertainty, particularly visible in the highly innovative firms. The study contributes by summing up the core dimensions of IPPM practice and showing evidence of uncertainty management in IPPM in highly innovative contexts.