Beyond financial value: managing uncertainty and change
Beyond financial value: managing uncertainty and change to enhance strategic portfolio decisions
Professor Miia Martinsuo will summarise research insights and provide guidance for project portfolio management drawing upon recent studies on the delivery of strategic value through projects. One of the key success factors in project-based business is selecting the projects that fulfil strategic goals over time. The strategic task of converting business priorities and strategies into projects is particularly difficult in dynamic business environments, or when there is disagreement among stakeholders. This seminar will explore the following questions relevant to the leadership task of implementing strategic value in project portfolios:
- What is strategic value in a project portfolio and how can it be managed?
- How can managers harness uncertainty and change to improve strategic value?
- How can managers understand and exploit the dependencies between projects to improve strategic value?
Doctoral candidate Lauri Vuorinen will then briefly overview his findings on multi-project and program integration practices in organizational change programs. Lauri will address:
- What is project/program integration and why is integration required in change programs?
- What activities and program management roles enable such integration?
About the speakers:
Professor Miia Martinsuo is the Director of the Centre for Research on Operations, Projects and Services at Tampere University of Technology (TUT) in Finland. Miia is a world-recognised researcher with 15 years of experience studying project and service business in conjunction with industry, and nine years of prior industry experience. She lectures and researches in managing project business, project portfolio management, service operations and innovations, organizational transformation towards service business, and doctoral education. Miia has taken an active role in continuing education programs on product development and project management over the past 15 years. She has authored over 200 academic publications in highly respected journals, books and conferences and is an associate editor of the International Journal of Project Management.
Lauri Vuorinen is a Doctoral Candidate at TUT. Lauri’s research focuses on the aspects of lifecycle value and project control in complex project environments. In addition to his research activities, Lauri teaches two courses, a basic course and an advanced course, on project management at TUT.
This seminar is co-hosted by the Built Environment Informatics and Innovation (BEII) research centre (contributing to the theme ‘Comprehensive concepts of value’); the Centre for Business and Social Innovation (CBSI), (contributing to the theme ‘The Future of Work, Organising and the Corporation’); and the Project portfolio management special interest group (PPM SIG). The PPM SIG is a networking forum for industry practitioners and researchers to share experiences and information and to promote educational activities and research relating to Project Portfolio Management.
Professor Miia Martinsuo’s visit is supported by the UTS Distinguished Visiting Scholar (DVS) program. The UTS DVS program provides funding to bring top researchers to Australia to enhance international collaboration.