Enforcing strategic fit of project portfolios by project termination: An empirical study on senior management involvement

International Journal of Project Management

Volumn 30, Issue 6, 2012, Pages 675-685

  Unger, Barbara Natalie ^a   Kock, Alexander ^a   Gemünden, Hans Georg ^a   Jonas, Daniel ^a  

^a TECHNISCHE UNIVERSITÄT BERLIN   (Germany)

Author keywords

Empirical study; Project portfolio management; Project termination quality; Senior management involvement

Indexed keywords

CORPORATE STRATEGIES; EMPIRICAL STUDIES; LONGITUDINAL STUDY; PROJECT PORTFOLIO; PROJECT PORTFOLIO MANAGEMENT; PROJECT TERMINATION; SENIOR MANAGEMENT; SENIOR MANAGERS; STRATEGIC FIT; U-SHAPED;

INVESTMENTS;

FINANCIAL DATA PROCESSING;

CORPORATE STRATEGY; EMPIRICAL ANALYSIS; PROJECT MANAGEMENT;

EID: 84860381494     PISSN: 02637863     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ijproman.2011.12.002     Document Type: Article

References (100)

1. Ahire S.L., Devaraj S. An empirical comparison of statistical construct validation approaches. IEEE Transactions on Engineering Management 2001, 48(3):319-329.
2. Anderson D.K., Merna T. Project Management Strategy-project management represented as a process based set of management domains and the consequences for project management strategy: Selected papers from the Fifth Biennial Conference of the International Research Network for Organizing by Projects. Held in Renesse, Seeland, The Netherlands, 28-31 May 2002. International Journal of Project Management 2003, 21(6):387-393.
3. Archer N.P., Ghasemzadeh F. An integrated framework for project portfolio selection. International Journal of Project Management 1999, 17(4):207-216.
4. Artto K.A., Dietrich P.H. Strategic business management through multiple projects. The Wiley Guide to Managing Projects 2004, 144-176. John Wiley & Sons, Hoboken, NJ. P.W.G. Morris, J.K. Pinto (Eds.).
5. Artto K.A., Wikström K. What is project business?: selected papers from the Sixth Biennial Conference of the International Research Network for Organizing by Projects. International Journal of Project Management 2005, 23(5):343-353.
6. Artto K., Kujala J., Dietrich P., Martinsuo M. What is project strategy?. International Journal of Project Management 2008, 26(1):4-12.
7. Artto K., Martinsuo M., Gemünden H.G., Murtoaro J. Foundations of program management: a bibliometric view. International Journal of Project Management 2009, 27(1):1-18.
8. Balachandra R. Critical signals for making go/nogo decisions in new product development. Journal of Product Innovation Management 1984, 1(2):92-100.
9. Balachandra R. A comparison of R&D project termination factors in four industrial nations. IEEE Transactions on Engineering Management 1996, 43(1):88-96.
10. Balachandra R., Friar J.H. Factors for success in R&D projects and new product innovation: a contextual framework. IEEE Transactions on Engineering Management 1997, 44(3):276-287.
11. Barton S.L., Duchon D., Dunegan K.J. An empirical test of Staw and Ross's prescriptions for the management of escalation of commitment behavior in organizations. Decision Sciences 1989, 20(3):532-544.
12. Biyalogorsky E., Boulding W., Staelin R. Stuck in the past: why managers persist with new product failures. Journal of Marketing 2006, 70(2):108-121.
13. Blau G.E., Pekny J.F., Varma V.A., Bunch P.R. Managing a portfolio of interdependent new product candidates in the pharmaceutical industry. Journal of Product Innovation Management 2004, 21(4):227-245.
14. Blichfeldt B.S., Eskerod P. Project portfolio management - there's more to it than what management enacts. International Journal of Project Management 2008, 26(4):357-365.
15. Bonner J.M., Rükert R.W., Orville C.W. Upper management control of new product development projects and project performance. Journal of Product Innovation Management 2002, 19(3):233-245.
16. Boulding W., Morgan R., Staelin R. Pulling the plug to stop the new product drain. Journal of Marketing Research (JMR) 1997, 34(1):164-176.
17. Brockhoff K. R&D project termination decisions by discriminant analysis - an international comparison. IEEE Transactions on Engineering Management 1994, 41(3):245-254.
18. Brockner J. The escalation of commitment to a failing course of action: toward theoretical progress. Academy of Management Review 1992, 17(1):39-61.
19. Calantone R., Garcia R., Dröge C. The effects of environmental turbulence on new product development strategy planning. Journal of Product Innovation Management 2003, 20(2):90-103.
20. Carpenter M.A., Geletkanycz M.A., Sanders W.G. Upper echelons research revisited: antecedents, elements, and consequences of top management team composition. Journal of Management 2004, 30(6):749-778.
21. Chakrabarti A.K. The role of champion in product innovation. California Management Review 1974, 17(2):58-62.
22. Chao R.O., Kavadias S. A theoretical framework for managing the new product development portfolio: when and how to use strategic buckets. Management Science 2008, 54(5):907-921.
23. Chao R.O., Kavadias S., Gaimon C. Revenue driven resource allocation: funding authority, incentives, and new product development portfolio management. Management Science 2009, 55(9):1556-1569.
24. Clift T.B., Vandenbosch M.B. Project complexity and efforts to reduce product development cycle time. Journal of Business Research 1999, 45(2):187-198.
25. Cooper R.G. Perspective: the stage-gate(r) idea-to-launch process-update, what's new, and NexGen Systems. Journal of Product Innovation Management 2008, 25(3):213-232.
26. Cooper R.G., Edgett S.J. Overcoming the crunch in resources for new product development. Research Technology Management 2003, 46(3):48-58.
27. Cooper R.G., Kleinschmidt E.J. Benchmarking the firm's critical success factors in new product development. Journal of Product Innovation Management 1995, 12(5):374-391.
28. Cooper R.G., Edgett S.J., Kleinschmidt E.J. Portfolio Management for New Products 1998, Mass., Perseus, Cambridge, 382pp. 1st ed.
29. Cooper R.G., Edgett S.J., Kleinschmidt E.J. New problems, new solutions: making portfolio management more effective. Research Technology Management 2000, 43(2):18-33.
30. Coulon M., Ernst H., Lichtenthaler U., Vollmoeller J. An overview of tools for mapping the corporate innovation portfolio. International Journal of Technology Intelligence and Planning 2009, 5(2):221-239.
31. Crawford L., Cooke-Davies T., Hobbs B., Labuschagne L., Remington K., Chen Ping Governance and support in the sponsoring of projects and programs. Project Management Journal 2008, 39:43-55.
32. de Brentani U., Kleinschmidt E.J. Corporate culture and commitment: impact on performance of international new product development programs. Journal of Product Innovation Management 2004, 21(5):309-333.
33. de Brentani U., Kleinschmidt E.J., Salomo S. Success in global new product development: impact of strategy and the behavioral environment of the firm. Journal of Product Innovation Management 2010, 27(2):143-160.
34. Dean J.W., Sharfman M.P. Does decision process matter? A study of strategic decision-making effectiveness. Academy of Management Journal 1996, 39(2):368-396.
35. Dietrich P., Lehtonen P. Successful management of strategic intentions through multiple projects - reflections from empirical study: selected papers from the Sixth Biennial Conference of the International Research Network for Organizing by Projects. International Journal of Project Management 2005, 23(5):386-391.
36. Dilts D.M., Pence K.R. Impact of role in the decision to fail: an exploratory study of terminated projects. Journal of Operations Management 2006, 24(4):378-396.
37. Project Portfolio Management: Selecting and Prioritizing Projects for Competitive Advantage 1999, Center for Business Practices, West Chester, PA, 421pp. L.D. Dye, J.S. Pennypacker (Eds.).
38. Engwall M., Jerbrant A. The resource allocation syndrome: the prime challenge of multi-project management?. International Journal of Project Management 2003, 21(6):403-409.
39. Ernst H. Erfolgsaktoren neuer Produkte: Grundlagen für eine valide empirische Forschung 2001, Gabler Verlag, Wiesbaden. 1st ed.
40. Ernst H. Success factors of new product development: a review of the empirical literature. International Journal of Management Reviews 2002, 4(1):1-40.
41. Finkelstein S., Hambrick D.C., Cannella A.A. Strategic leadership: theory and research on executives. Top Management Teams, and Boards 2009, Oxford University Press, New York.
42. Fricke S.E., Shenhar A.J. Managing multiple engineering projects in a manufacturing support environment. IEEE Transactions on Engineering Management 2000, 47(2):258-268.
43. Gemünden H.G., Salomo S., Hölzle K. Role models for radical innovations in times of open innovation. Creativity & Innovation Management 2007, 16(4):408-421.
44. Ghasemzadeh F., Archer N.P. Project portfolio selection through decision support. Decision Support Systems 2000, 29(1):73-88.
45. Gomes J., de Weerd-Nederhof P., Pearson A., Fisscher O. Senior management support in the new product development process. Creativity & Innovation Management 2001, 10(4):234-242.
46. Green S.G. Top management support of R-and-D projects - a strategic leadership perspective. IEEE Transactions on Engineering Management 1995, 42(3):223-232.
47. Green S.G., Welsh M.A., Dehler G.E. Advocacy, performance, and threshold influences on decisions to terminate new product development. Academy of Management Journal 2003, 46(4):419-434.
48. Hall M. The effect of comprehensive performance measurement systems on role clarity, psychological empowerment and managerial performance. Accounting, Organizations and Society 2008, 33(2-3):141-163.
49. Hambrick D.C., Mason P.A. Upper echelons: the organization as a reflection of its top managers. Academy of Management Review 1984, 9(2):193-206.
50. He X., Mittal V. The effect of decision risk and project stage on escalation of commitment. Organizational Behavior and Human Decision Processes 2007, 103(2):225-237.
51. Henard D.H., Szymanski D.M. Why some new products are more successful than others. Journal of Marketing Research 2001, 38(3):362-375.
52. Hendriks M.H., Voeten B., Kroep L. Human resource allocation in a multi-project R&D environment: resource capacity allocation and project portfolio planning in practice. International Journal of Project Management 1999, 17(3):181-188.
53. Herfert K.F., Arbige M.V. Aligning an R&D portfolio with corporate strategy. Research Technology Management 2008, 51(5):39-46.
54. Hu L.T., Bentler P.M. Fit indices in covariance structure modeling: sensitivity to underparameterized model misspecification. Psychological Methods 1998, 3(4):424-453.
55. Johne F.A., Snelson P.A. Auditing product innovation activities in manufacturing firms. R & D Management 1988, 18(3):227-233.
56. Johne F.A., Snelson P.A. Success factors in product innovation: a selective review of the literature. Journal of Product Innovation Management 1988, 5(2):114-128.
57. Jonas D. Empowering project portfolio managers: how management involvement impacts project portfolio management performance. International Journal of Project Management 2010, 28(8):818-831.
58. Kessler E.H. Tightening the belt: methods for reducing development costs associated with new product innovation. Journal of Engineering and Technology Management 2000, 17(1):59-92.
59. Kirytopoulos K., Voulgaridou D., Panopoulos D., Leopoulos V. Project termination analysis in SMEs: making the right call. International Journal of Management and Decision Making 2009, 10(1/2):69-90.
60. Kleinschmidt E.J., de Brentani U., Salomo S. Performance of global new product development programs: A resource-based view. Journal of Product Innovation Management 2007, 24(5):419-441.
61. Knight D., Pearce C.L., Smith K.G., Olian J.D., Sims H.P., Smith K.A., Flood P. Top management team diversity, group process, and strategic consensus. Strategic Management Journal 1999, 20:445-465.
62. Kruglianskas I., Thamhain H.J. Managing technology-based projects in multinational environments: Engineering Management, IEEE Transactions on. IEEE Transactions on Engineering Management 2000, 47(1):55-64.
63. Kumar V., Persaud A.N.S., Kumar U. To terminate or not an ongoing R&D project: a managerial dilemma. IEEE Transactions on Engineering Management 1996, 43(3):273-284.
64. Laslo Z., Goldberg A.I. Resource allocation under uncertainty in a multi-project matrix environment: is organizational conflict inevitable?. International Journal of Project Management 2008, 26(8):773-788.
65. Lechler T., Cohen M. Exploring the role of steering committees in realizing value from project management. Project Management Journal 2009, 40(1):42-54.
66. Lovallo D., Kahneman D. Delusions of success - how optimism undermines executives' decisions. Harvard Business Review 2003, 81(7):56-63.
67. Lycett M., Rassau A., Danson J. Programme management: a critical review. International Journal of Project Management 2004, 22(4):289-299.
68. Mankins M.C., Steele R. Turning great strategy into great performance (cover story). Harvard Business Review 2005, 83(7/8):64-72.
69. Markham S.K., Griffin A. The breakfast of champions: associations between champions and product development environments, practices and performance. Journal of Product Innovation Management 1998, 15(5):436-454.
70. Matheson J.E., Menke M.M. Using decision quality principles to balance your R&D portfolio. Project Portfolio Management. Selecting and Prioritizing Projects for Competitive Advantage 1999, 61-69. Center for Business Practices, West Chester, PA. L.D. Dye, J.S. Pennypacker (Eds.).
71. McComb S.A., Kennedy D.M., Green S.G., Compton W.D. Project team effectiveness: the case for sufficient setup and top management involvement. Production Planning & Control 2008, 19(4):301-311.
72. Montoya-Weiss M.M., Calantone R.J. Determinants of new product performance: a review and meta-analysis. Journal of Product Innovation Management 1994, 11:397-417.
73. Morris P.W.G., Jamieson A. Moving from corporate strategy to project strategy. Project Management Journal 2005, 36(4):5-18.
74. Noda T., Bower J.L. Strategy making as iterated processes of resource allocation. Strategic Management Journal 1996, 17:159-192.
75. Papadakis V.M., Lioukas S., Chambers D. Strategic decision-making processes: the role of management and context. Strategic Management Journal 1998, 19(2):115-147.
76. Pattikawa L.H., Verwaal E., Commandeur H.R. Understanding new product project performance. European Journal of Marketing 2006, 40(11/12):1178-1193.
77. Pinto J.K., Covin J.G. Critical factors in project implementation: a comparison of construction and R&D projects. Technovation 1989, 9(1):49-62.
78. Pinto J.K., Mantel S.J. The causes of project failure. IEEE Transactions on Engineering Management 1990, 37(4):269-276.
79. Podsakoff P.M., MacKenzie S.B., Lee J.-Y., Podsakoff N.P. Common method biases in behavioral research: a critical review of the literature and recommended remedies. Journal of Applied Psychology 2003, 88(5):879-903.
80. Project Management Institute (PMI) A Guide to the Project Management Body of Knowledge 2008, Project Management Institute, Inc., Newtown Square, PA. 4th ed.
81. Raes A.M.L., Heijltjes M.G., Glunk U., Roe R.A. The interface of the top team and middle managers: a process model. Academy of Management Review 2011, 36(1):102-126.
82. Roussel P.A., Saad K.N., Erickson T.J. Third Generation R&D: Managing the Link to Corporate Strategy 1991, McGraw-Hill. 1st ed.
83. Schmidt J.B., Calantone R.J. Are really new product development projects harder to shut down?. Journal of Product Innovation Management 1998, 15(2):111-123.
84. Schmidt J.B., Calantone R.J. Escalation of commitment during new product development. Journal of the Academy of Marketing Science 2002, 30(2):103-118.
85. Seider R. Optimizing project portfolios. Research Technology Management 2006, 49(5):43-48.
86. Shafer S.M., Mantel S.J. A decision support system for the project termination decision: a spreadsheet approach. Project Management Journal 1989, 20:23-28.
87. Söderlund J. On the broadening scope of the research on projects: a review and a model for analysis. International Journal of Project Management 2004, 22(8):655-667.
88. Srivannaboon S., Milosevic D.Z. A two-way influence between business strategy and project management. International Journal of Project Management 2006, 24(6):493-505.
89. Staw B.M. The escalation of commitment to a course of action. Academy of Management Review 1981, 6(4):577-588.
90. Staw B.M., Ross J. Knowing when to pull the plug. Harvard Business Review 1987, 65(2):68-74.
91. Swink M. Technological innovativeness as a moderator of new product design integration and top management support. Journal of Product Innovation Management 2000, 17(3):208-220.
92. Swink M., Talluri S., Pandejpong T. Faster, better, cheaper: a study of NPD project efficiency and performance tradeoffs. Journal of Operations Management 2006, 24(5):542-562.
93. Tadisina S.K. Support system for the termination decision in R & D management. Project Management Journal 1986, 17:97-104.
94. Talke, K., Salomo, S., Kock, A., In press. Top Management Team Diversity and Strategic Innovation Orientation: The Relationship and Consequences for Innovativeness and Performance. Journal of Product Innovation Management ((early view)).
95. Tubre T.C., Collins J.M. Jackson and schuler (1985) revisited: a meta-analysis of the relationships between role ambiguity, role conflict, and job performance. Journal of Management 2000, 26(1):155-169.
96. Turner J.R., Müller R. On the nature of the project as a temporary organization. International Journal of Project Management 2003, 21(1):1-8.
97. Unger B.N., Gemünden H.G., Aubry M. The three roles of a project portfolio management office: the impact on portfolio management execution and success. IRNOP X, 2011, Montreal, Canada 2011.
98. Venkatraman N., Camillus J.C. Exploring the concept of "fit" in strategic management. Academy of Management Review 1984, 9(3):513-525.
99. Young R., Jordan E. Top management support: mantra or necessity?: special issue: achieving IT project success. International Journal of Project Management 2008, 26(7):713-725.
100. Zwikael O. Top management involvement in project management: exclusive support practices for different project scenarios. International Journal of Managing Projects in Business 2008, 1(3):387-403.