Identification and modeling of critical success factors of portfolio management in construction sector

Download

index.pdf

Date

2019

Author

Hızal, A. Sercenk

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

294
views

205
downloads

Project Portfolio Management (PPM) is a good theoretical fit for a multi-dimensional industry like construction, however practical implications are limited. The aim of this thesis is to deeply analyze and investigate the determinant factors on the success of portfolio management in the construction industry. Since few studies have addressed them, both PPM in the construction sector and related success factors could be regarded as newly arising subjects for the literature. Consequently, the main contribution of this study is to fill the existing gap in the literature. Within this content, project and portfolio data of 22 portfolios consisting of construction projects were compiled from construction industry professionals through a survey. The professionals have been asked to evaluate a construction portfolio in which they took part in their professional lives according to 36 factors specified. In addition, three in-depth interviews were performed with professionals and three case studies were conducted accordingly. The compiled data is used to identify the critical success factors of construction portfolio management through statistical significance analysis. The critical success factors are used to develop a model of construction portfolio success. The novel model enables prediction of construction portfolio success by quantifying the impact of the critical factors on the portfolio success. One of the most remarkable findings of this study is that determinant success factors of PPM are differentiated from the projects’ success factors, which constitute the portfolios. Furthermore, portfolio related factors and human resources play a prominent role in the success of PPM in the construction sector.

Subject Keywords

Construction projects., Project Portfolio Management, Success, Construction.

URI

http://etd.lib.metu.edu.tr/upload/12623467/index.pdf
https://hdl.handle.net/11511/43566

Collections

Graduate School of Natural and Applied Sciences, Thesis

Suggestions

OpenMETU
Core

A Decision Support System for Project Portfolio Management in Construction Companies Bilgin, Gozde; Dikmen Toker, İrem; Birgönül, Mustafa Talat; ÖZORHON ORAKÇAL, BELİZ (2022-11-01) Project portfolio management requires a systematic process that comprises assessment of portfolio risk and expected profitability, as well as strategic fit of individual projects with company objectives. After a needs analysis based on literature findings and surveys with experts, in this study, a process model and a tool, COPPMAN (COnstruction Project Portfolio MANagement), were developed to support project portfolio decisions in construction companies. COPPMAN was developed in collaboration with construct...
Exploring the Relationship between Complexity and Risk in Megaconstruction Projects Erol, Huseyin; Dikmen, Irem; Atasoy Özcan, Güzide; Birgönül, Mustafa Talat (American Society of Civil Engineers (ASCE), 2020-12-01) © 2020 American Society of Civil Engineers.Although complexity and risk are inherent characteristics of megaconstruction projects, existing project management approaches fail to incorporate complexity-based thinking into risk management. Complexity is usually considered as the source of risk events, along with uncertainty. However, prevailing risk management practices are oriented toward only handling the uncertainty. The lack of integration between the complexity and other risk-related concepts leads to un...
Development of a lessons learned management process model and a web-based tool for construction companies Eken, Görkem; Birgönül, Mustafa Talat; Dikmen Toker, İrem; Department of Civil Engineering (2017) Organizational memory formation and its effective utilization is a source of competitive advantage especially in project-based industries such as construction industry as it may eliminate potential problems in projects leading to higher profitability and less errors. However, project-based nature also poses challenges for establishing organizational memory as it is hard to capture knowledge of temporary project teams and transfer different types of knowledge between projects. This study presents a “Lessons ...
Exploring pattern of complexity in mega construction projects Bilgin, Gizem; Erol, Hacı Hüseyin; Atasoy Özcan, Güzide; Dikmen Toker, İrem; Birgönül, Mustafa Talat (2022-11-01) Purpose Megaprojects are known as complex projects that involve high levels of uncertainty. This interpretive study explores and portrays perceived complexity in mega construction projects by lived experiences of project managers. Design/methodology/approach This study utilises a ground theory approach to analyse data gathered from semi-structured interviews with 18 professionals involved in 11 megaprojects. Findings Complexity in mega construction projects is defined as a project property that stems from t...
A Taxonomy for causes of changes in construction Rahmani Mirshekarlou, Babak; Dikmen Toker, İrem; Birgönül, Mustafa Talat; Department of Civil Engineering (2012) Change is an inevitable and inherent factor of each construction project which is a result of the nature of industry and the uniqueness of projects. Risky and unstable environment of construction industry usually triggers the potential of occurring changes during a project life cycle. Effective management of changes usually leads to increasing the project success. Change prediction and evaluation is the major step of change management process which enables the project management team to have a clear perspec...

Citation Formats

A. S. Hızal, “Identification and modeling of critical success factors of portfolio management in construction sector,” Thesis (M.S.) -- Graduate School of Natural and Applied Sciences. Civil Engineering., Middle East Technical University, 2019.