Development of portfolio management system in R&D: a case study

Abstract

The relevance of the study is to consider the specific features of innovation management from the point of view of the project approach. The theoretical and methodological basis of the study was the works of Russian and foreign researchers in the field of management theory, project management, portfolio management, innovation management, project governance. The authors used analysis and generalization of domestic and foreign theory and practice, as well as the method of "Case study", in the framework of the case: strategic portfolio analysis (BCG matrix), interviewing, questioning, investment analysis as research methods. Analysis of existing approaches to the formation of a portfolio management system of R&D projects showed a low level of elaboration of the issue. The article presents the results of testing the project of development of the portfolio management system of projects and programs in the field of research and development work, taking into account the identified features on the example of a high-tech enterprise.The expediency of implementation of project management methodology and formation of R&D project portfolio management system as a tool to improve the efficiency of investment activities, the implementation of strategic goals and improvement of the competitiveness of the modern company are confirmed.Keywords: project management system, R&D, innovation projects portfolio.

What are the established expectations for the artifacts addressed in project portfolio management?

“…On the other hand, of the methods found, a small number moves towards tools that have greater coverage of tasks and unified controls (Linares et al, 2018). In many companies, innovation takes the form of a project rather than activities and processes, and it becomes necessary to create a corporate management system that guarantees an integrated approach to project implementation, decision making, agility in project management processes and risk reduction (Ramenskaya & Savchenko, 2019). Methodology, processes, and a system for selecting and optimizing collaborative project management opportunities between internal and external organizations so that the return on investments can be maximized (Ray & Oxborough-Powell, 2017).…”

“…The success of portfolio management in R&D systems projects depends directly on management actions defined as the composition of governance elements for projects that organize demands aimed at the portfolio (Ramenskaya & Savchenko, 2019). The concept of governance is understood as the interaction between actors within a formal or informal model, which determines how decisions are made and how actions are carried out, with a view to maintaining organizational values in the face of change (Cordeiro et al, 2020).…”