Empirical Relation between Capability Maturity & Significance of PPM Technique in Product Innovation of Manufacturing Industries
Journal Title: International Journal for Research in Applied Science and Engineering Technology (IJRASET) - Year 2016, Vol 4, Issue 2
Abstract
Project portfolio management (PPM) helps organizations to select and manage an optimal portfolio of products/ projects that maximizes organization's responsiveness, revenues, and adaptability while keeping the products/ projects aligned with strategic business goals and objectives. PPM is not only maximizes performance and optimizes costs, it also promotes collaborative effort. PPM process facilitates decision making through evaluation, selection, prioritizing, balancing, execution of the work, harvesting of benefits and feedback of results for continuous process improvement. The present study aims to evaluate and find the relation between the capability maturity and the significance level of project portfolio management implementation in the manufacturing industries. This empirical analysis evaluates the objectives with the help of primary data that was collected from the selected of respondents of companies through a well structured survey questionnaire. The data analysis was performed using correlation and regression statistical analysis technique and it concludes that there is a high positive correlation and regression existing between the capability maturity and significance level of project portfolio management. Further, the research study recommends a need of improvement in the capability maturity in order to achieve the goals and to secure the strategic advantage of project portfolio as a part of strategic business management.
Authors and Affiliations
Sirivella Vijaya Bhaskar
Keywords
Related Articles
- EP ID EP21654
- DOI -
- Views 221
- Downloads 4
Implementation Issues in Bluetooth Based Smart Sensor Network
In this paper we focus on wireless sensor networks and Bluetooth issues related to its use in sensor networks. An implementation platform for a Bluetooth based sensor network is presented and functionalities are describ...
Performance and Emission Characteristics of a CI Engine Fueled With Diesel- Waste Fried Oil Blend with Dee as Additive
An experimental study is conducted to evaluate the effects of using diethyl ether as additive to waste fried oil/diesel blend on the performance and emissions of a direct injection diesel engine. The waste fried oil and...
A Study on Comparative Analysis in Retail Industry with Special Reference to Kalessuwari Refinery Pvt.Ltd
The project has been undertaken with a view to study the comparative analysis in retail industry. This study is intended to help Kalessuwari to achieve competitive advantages among other competitors. Major domestic play...
The ancillary reactive power service pricing in a Deregulated electricity market
The amount of real power that can be transferred in a power system depends on the reactive power/voltage support. Appropriate management of reactive power is indispensable for supporting power system reliability and sec...
Minimization of Voltage Sag/Swell by Simultaneous Controlling Of Active and Reactive Powers in UPQC-S
This paper aims at presenting the new concept of controlling active and reactive powers simultaneously (complex power) with the help of the series inverter of UPQC, introduced and termed as UPQC-S. The new proposed conc...