Integrated PPM Process: Scale Development and Validation

This study aims to propose and validate a structural model on project portfolio management, identifying the core processes. Moreover, this study aims to investigate the relation between project portfolio management and performance. The model is proposed and validated through a survey-based research, applying structural equation modeling. The total sample size comprises 103 valid questionnaires. The project portfolio management measurement model validated is composed by a set of 11 processes as follows: knowledge of the organizational context; opportunity identification; decision criteria; classification; selection, prioritization, optimization and sequencing; balancing; approval; resource allocation; formation of portfolio; and project portfolio management infrastructure. The findings indicate that there is a strong relationship between project portfolio management and performance. (C) 2016 Elsevier Ltd. APM and IPMA. All rights reserved.