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Journal articles on the topic 'Project Portfolio Governance'
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Banjanin, Goran, and Vjeran Strahonja. "Factors of Risk Reduction in Agile and Lean Enabled Governance of IT Project Portfolios." Journal of Business and Economics 10, no. 4 (April 20, 2019): 302–15. http://dx.doi.org/10.15341/jbe(2155-7950)/04.10.2019/004.
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The subject of this paper is project portfolio governance and its improvement based on agile and lean methods and concepts. The main objective is to propose a new conceptual governance framework which improves the management of project portfolio processes’ execution and reduces the risks of portfolio components’ implementation. The existing project portfolio models and governance processes use traditional principles, regulation, planning, and control methods, which require enhancement to ensure the portfolio management processes are followed in successful project implementation. The agile and lean project portfolio governance is a relative new domain for which the awareness and practical results related to influence on governance processes, risks, and quality are missing. The contribution is foremost methodological in introduction of agile and lean portfolio governance methods and processes, followed by the agile and lean governance framework, and conclusively in revealing the factors of risk reduction in the agile and lean enabled project portfolio governance with the emphasis on implementation risks reduction.
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Lappi, Teemu Mikael, Kirsi Aaltonen, and Jaakko Kujala. "Project governance and portfolio management in government digitalization." Transforming Government: People, Process and Policy 13, no. 2 (May 20, 2019): 159–96. http://dx.doi.org/10.1108/tg-11-2018-0068.
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Purpose This paper aims to increase the current understanding of the connection between operational level information and communication technology (ICT) projects and national level digital transformation by researching how project governance structures and practices are applied in an e-government context. Design/methodology/approach An elaborative qualitative study through public documentary analysis and empirical multi-case research on Finnish central government is used. Findings The study constructs a multi-level governance structure with three main functions and applies this in an empirical setting. The results also describe how different governance practices and processes, focusing on project portfolio management, are applied vertically across different organizational levels to connect the ICT projects with the national digitalization strategy. Originality/value This study integrates project governance and portfolio management knowledge into public sector digitalization, thus contributing to project management, e-government and ICT research streams by improving the current understanding on the governance of ICT projects as part of a larger-scale digitalization. This study also highlights perceived gaps between current governance practices and provides implications to managers and practitioners working in the field to address these gaps.
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Breault, Michael R., and Simon Cleveland. "Toward Enterprise Approach for Project Portfolio Risk Management." International Journal of Information Technology Project Management 11, no. 2 (April 2020): 90–104. http://dx.doi.org/10.4018/ijitpm.2020040106.
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Extant literature suggests that organizations struggle with risk evaluation as part of their project portfolio selection. The lack of intentional intervention on the part of portfolio leadership, risk management processes, and practices executed by individual projects may not support optimal risk management at the portfolio level. As a result, portfolio managers are tasked with the identification of common risks and opportunities across projects and are required to respond with strategies that are beyond the scope of a project manager's authority. To address the problem, this study identifies the gaps in the extant literature in portfolio approaches to project risk management, recommends techniques for managing common project risks collectively at the portfolio level, and emphasizes the role of the organization in fostering effective risk management at the project level, particularly in the realm of data governance.
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Parry, Vincent Kobina Ahene, and Mary L. Lind. "Alignment of Business Strategy and Information Technology Considering Information Technology Governance, Project Portfolio Control, and Risk Management." International Journal of Information Technology Project Management 7, no. 4 (October 2016): 21–37. http://dx.doi.org/10.4018/ijitpm.2016100102.
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Information technology (IT) governance is an important component in developing an overall business and IT strategy. Factors to consider in the IT governance and strategy relationship are project portfolio control, risk management. Using a quantitative survey of 201 IT executives a significant relationship was shown between effective IT governance and project portfolio control and risk management. However, the results of the study did not support a significant relationship between effective IT governance and business/IT alignment. Ultimately, this study helped to shed light on the relationship between effective IT governance and project portfolio control as well as provided support to the existing literature on the relationship between effective IT governance and risk.
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Mosavi, Ali. "Exploring the roles of portfolio steering committees in project portfolio governance." International Journal of Project Management 32, no. 3 (April 2014): 388–99. http://dx.doi.org/10.1016/j.ijproman.2013.07.004.
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Bouraad, Fatat. "IT Project Portfolio Governance: The Emerging Operation Manager." Project Management Journal 41, no. 5 (December 2010): 74–86. http://dx.doi.org/10.1002/pmj.20083.
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Valverde-Alulema, Francisco, and Faraón Llorens-Largo. "Rubric for Evaluating the Alignment of the IT Project Portfolio with IT Governance in Universities." ACM SIGMIS Database: the DATABASE for Advances in Information Systems 52, no. 3 (August 10, 2021): 56–76. http://dx.doi.org/10.1145/3481629.3481634.
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Organizations are currently using the potential of IT to achieve their strategic objectives. IT governance ensures that decisions related to information technologies are aligned with business needs and strategies. One of the best practices to introduce a culture of IT governance is the implementation of the IT project portfolio. However, there is a lack of studies that support this claim. We developed a rubric to evaluate the portfolio of IT projects of a university to determine its strategic nature and its alignment with the principles of IT governance. After a phase of qualitative research, we designed a survey to collect quantitative data in a real scenario. We contrasted these data with the estimated scenario through the results obtained in the previous phase. The objective of this research is to validate and improve the starting proposal as a result of qualitative research. This survey has been answered by Spanish public universities that have implemented a portfolio of IT projects and whose IT managers are aware of the ISO/IEC 38500 standard and its principles. The results have allowed us to design a rubric that can be used by universities to evaluate the relationship between the elements and the advantages of the IT project portfolio and its alignment with IT governance.
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Volden, Gro Holst, and Bjorn Andersen. "The hierarchy of public project governance frameworks." International Journal of Managing Projects in Business 11, no. 1 (March 5, 2018): 174–97. http://dx.doi.org/10.1108/ijmpb-04-2017-0040.
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Purpose The purpose of this paper is to study public project governance frameworks in various ministries and agencies in Norway, following the introduction of such a framework on the topmost level (i.e. the cabinet) which applies to the very largest projects. Design/methodology/approach The study is methodologically designed as a qualitative assessment of project governance frameworks that apply to state-funded investment projects in selected sectors, based on data gathered through document reviews and interviews. Findings The study finds that all of the agencies have introduced their own project governance frameworks, which are basically consistent with the recommendations from the project management literature and with the cabinet’s overall requirements in Norway. By contrast, only one ministry has taken a formalized role as a project owner. Governance tasks thus seem to be extensively delegated to the subordinate agencies. This even includes strategic tasks such as project selection and portfolio management, and implies there is a risk that public project governance has a narrow and internal focus. Originality/value The paper is a first step toward a better understanding of public project governance as a hierarchical system and the relationship between project owners on three levels, the cabinet, the sectoral ministry, and the government agency.
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Khan, Asadullah, Muhammad Waris, Ishak Ismail, Mirza Rizwan Sajid, Zaigham Ali, Mahfooz Ullah, and Ammar Hussain. "Investigating the Practices of Project Governance in Public Sector Infrastructure Program in Pakistan." Advances in Civil Engineering 2019 (June 4, 2019): 1–11. http://dx.doi.org/10.1155/2019/7436592.
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The governance of public sector infrastructure projects became an important area of interest in the literature on project management. Today, it is a focal point for policymakers to ensure successful appraisal and implementation of government-sponsored programs. This paper aims to investigate the current practices of project governance (PG) for steering the public sector infrastructure program in Pakistan. An empirical investigation was carried out among professionals of public sector organizations involved in different infrastructure development projects. Latent construct of PG was validated through second-order confirmatory factor analysis (CFA) and quantified the three dimensions of PG, i.e., portfolio direction (PD), sponsorship, effectiveness, and efficiency (SEE), and disclosure and reporting (DR) through the relative importance index (RII) method. The result showed that DR is among the least practicing dimension having RII = 0.55, while PD and SEE have shown similar prevalence with RII = 0.70 and 0.69, respectively. Overall, the most practicing item in the PG was “the alignment of portfolios with objectives and strategy” whereas the lowest practicing item relates to the “completeness of project information distribution due to the multi-layered bureaucratic system.” The findings of this study will guide the decision makers to take appropriate measures for enhancing the effectiveness of PG in Pakistan.
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Zhai, Zhao, Ming Shan, Amos Darko, and Yun Le. "Visualizing the Knowledge Domain of Project Governance: A Scientometric Review." Advances in Civil Engineering 2020 (February 19, 2020): 1–15. http://dx.doi.org/10.1155/2020/6813043.
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Over the past two decades, project governance has attracted increasing attention from researchers and practitioners worldwide and has become an important research area of project management. However, an inclusive quantitative and systematic analysis of the state-of-the-art recently available research in this field is still missing. This study attempts to map the global research on project governance through a state-of-the-art review. A total of 285 bibliographic records were retrieved from the Web of Science Core Collection database and analyzed by the visual analytic tool—CiteSpace. The results indicated that there has been an increasing research interest in project governance. The most productive and the most highly cited author in the area of project governance is Müller R., and most of the existing project governance research achievements are from Australia, China, USA, and Norway. By synthetically analyzing the keywords, future research might focus on governance of megaprojects and project success. Additionally, 9 knowledge domains of project governance were identified, including conceptual framework, public projects, governance structure, governance context, megaproject governance, contractual and relational governance, sustainability, portfolio governance, and project success. This study contributes to the body of knowledge by mapping the existing project governance research. It is particularly helpful to new and early-stage researchers who plan to do research on project governance, as it can provide them an overview of project governance research, including key authors, main institutions, hot topics, and knowledge domains. Moreover, the findings from the study are beneficial to industry practitioners as well, as they can help industry practitioners understand the latest development of governance theory and practice and thereby help them locate the best governance strategies for project management.
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Müller, Ralf, Nathalie Drouin, and Shankar Sankaran. "Modeling Organizational Project Management." Project Management Journal 50, no. 4 (May 13, 2019): 499–513. http://dx.doi.org/10.1177/8756972819847876.
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The contemporary discourse on organizational project management (OPM) complements project, program, and portfolio management with emerging elements, such as governance, projectification, the project management office (PMO), and organizational design. This creates the need for an integrated model that defines the content and roles in OPM. This article addresses this by conceptually developing a seven-layered model that organizes 22 OPM elements, ranging from the corporate level to the management of individual projects. A theory is developed to explain the interaction of the elements and the layers within the model.
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Khan, Asadullah, Muhammad Waris, Ishak Ismail, Mirza Sajid, Mehfooz Ullah, and Faisal Usman. "Deficiencies in Project Governance: An Analysis of Infrastructure Development Program." Administrative Sciences 9, no. 1 (January 11, 2019): 9. http://dx.doi.org/10.3390/admsci9010009.
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The governance of public sector infrastructure projects became an important topic of interest in the project, program, and portfolio management literature during the last decade. Today, it is becoming a central focus for policymakers seeking to ensure success in selecting, designing, and implementing government-sponsored programs of multi-projects. Due to the multiple underlying risks and complexities, the governance of infrastructure programs constitutes a critical element in strategic planning in developing countries. This paper has analyzed the infrastructure development program in Gilgit-Baltistan (Northern Pakistan), and revealed major shortcomings in the areas of decision-making, stakeholder management, and role ambiguity. Approaches to remedy these shortcomings have, thus, been proposed.
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Juiz, Carlos, Mercedes Gómez, and M. Isabel Barceló. "Business/IT Projects Alignment through the Project Portfolio Approval Process as IT Governance Instrument." Procedia - Social and Behavioral Sciences 65 (December 2012): 70–75. http://dx.doi.org/10.1016/j.sbspro.2012.11.093.
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Thompson, Chris. "The Portfolio Planning and Ranking (PPR) Project." APPEA Journal 52, no. 2 (2012): 677. http://dx.doi.org/10.1071/aj11091.
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Origin's upstream business started the Portfolio Planning and Ranking (PPR) Project in late 2010 to align individual petroleum business unit plans with organisational strategic goals. The solution generated by the PPR Project provided Origin's upstream business with a consistent platform for absolute and relative assessment of petroleum development opportunity across the organisation. The rapid growth of Origin's upstream business resulted in several different methods for calculating project economics and assessing the merits of potential opportunities. The use of these varied methods saw the need for a consistent and streamlined approach. Through the PPR Project, Origin's upstream business has improved its ability to objectively and effectively assess its assets and development opportunities. The solution provides a transparent and scalable platform for continuous integration of critical business information at the operational level. It also provides the capability to report at a commercially relevant level. The project's key to the success was a holistic approach that included people, process and systems technology. Also important was effective executive sponsorship and project management, ongoing change management and communication and the active participation of managers, subject matter experts and people affected by the project (targetted stakeholders). The project has effectively provided a bridge between technical and commercial disciplines, enabling Origin's upstream business units to make timely and informed decisions, maintain alignment with and support Origin's strategic goals and maximise resource use. Most importantly, an organisational capability gap has been filled with a system that facilitates efficiency and augments governance systems, yet remains flexible enough to effectively manage Origin's diverse petroleum portfolio.
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Hansen, Lars Kristian, Pernille Kræmmergaard, and Lars Mathiassen. "IT project portfolio governance practice: An investigation into work design problems." Journal of Information Technology Case and Application Research 19, no. 2 (April 3, 2017): 81–101. http://dx.doi.org/10.1080/15228053.2017.1338072.
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Volden, Gro Holst, and Knut Samset. "Governance of Major Public Investment Projects: Principles and Practices in Six Countries." Project Management Journal 48, no. 3 (June 2017): 90–108. http://dx.doi.org/10.1177/875697281704800306.
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This article compares the Norwegian scheme for quality assurance of major public projects with similar project governance schemes in five other OECD countries.1 All schemes have been introduced since the turn of the millennium and seem to be fairly consistent with recommendations from the project management literature. There are also a number of differences between the six schemes, for example, with regard to parties and roles, comprehensiveness, flexibility, organization, and whether portfolio management is covered. It is too early to make conclusions about their relative effects, but the evidence thus far indicates that there is much to learn across countries.
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Kortantamer, Dicle. "Governing major transformation portfolios in practice: illustrations from the UK central government." International Journal of Managing Projects in Business 12, no. 3 (September 2, 2019): 755–84. http://dx.doi.org/10.1108/ijmpb-09-2018-0174.
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Purpose The purpose of this paper is to examine major transformation portfolio governing practices. Previous research focuses on the structure of project portfolio governance and is relatively silent on micro-practices of governing. This paper intends to respond to this gap. Design/methodology/approach This qualitative case study draws upon practice approaches and the theoretical lens of organisational routines. The empirical inquiry is conducted across six major transformation portfolios in two UK central government departments. The data are collected through conducting semi-structured interviews and gathering documentary reports and analysed by adopting an abductive approach. Findings The findings highlight that two governing practices that have not been previously discussed in the literature: structuring the policy relationship and structuring the business relationship. These practices can be associated with the complex ownership system of the UK central government. The findings also show that in complex ownership systems owners may have different governing and supporting orientations. The micro-dynamics of these governing practices illustrate that the ecology of governing practices is complex, both in terms of the co-existence of complementary and competitive relationships between practices, and in terms of bundles of practices enacting different control regimes. Research limitations/implications This qualitative case study supports further inquiry into major transformation portfolio governing and complex ownership systems. Originality/value The paper adopts a governance-as-practice approach and examines governing major transformation portfolios.
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Bardhan, I. R., R. J. Kauffman, and S. Naranpanawe. "IT project portfolio optimization: A risk management approach to software development governance." IBM Journal of Research and Development 54, no. 2 (March 2010): 2:1–2:18. http://dx.doi.org/10.1147/jrd.2009.2039824.
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De Souza, Leandro Peçanha, Carlos Francisco Simões Gomes, and Alexandre Pinheiro De Barros. "Implementation of New Hybrid AHP–TOPSIS-2N Method in Sorting and Prioritizing of an it CAPEX Project Portfolio." International Journal of Information Technology & Decision Making 17, no. 04 (July 2018): 977–1005. http://dx.doi.org/10.1142/s0219622018500207.
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The purpose of this paper is to analyze the results obtained by the information technology (IT) governance committee (ITGC) of a company undergoing a strategic realignment in the sorting and prioritizing of its portfolio of IT investment projects (CAPEX). The establishment of committees is one of the best practices in corporate governance, and it is often associated with the sorting and prioritizing of project alternatives, a problem typical of multicriteria decision-making (MCDM) and multicriteria decision analysis (MCDA). One of the aids to resolve this problem was the development of a methodology in steps, and a new hybrid multicriteria method consists of the analytic hierarchy process (AHP) and technique for order of preference by similarity to ideal solution-2 normalization (TOPSIS-2N) techniques. The application of the hybrid AHP–TOPSIS-2N model proved to be consistent and robust, generating two priority sorting possibilities aligned with the strategic situation of the organization and a range of improvements in terms of governance and processes for the ITGC of the company.
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Arena, Marika, Giovanni Azzone, Enrico Cagno, Amerigo Silvestri, and Paolo Trucco. "A model for operationalizing ERM in project-based operations through dynamic capabilities." International Journal of Energy Sector Management 8, no. 2 (May 27, 2014): 178–97. http://dx.doi.org/10.1108/ijesm-09-2012-0008.
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Purpose – This paper aims to propose a model, to operationalize the idea of enterprise risk management (ERM), relying on the concept of capabilities. The proposed model, labelled “Spring model”, is specifically tailored to the characteristics of project-based organisations, where risk is to be managed transversally to different organizational levels (enterprise, project portfolio, functions, projects). Design/methodology/approach – A case study methodology is used to exemplify the functioning of the proposed model and display the suitability of the concept of capabilities, as means whereby companies can manage their risk. Data were collected from different sources over a time frame of three years: semi-structured interviews, official documents and presentations, archives, direct observation and internal document usually not available to the public. Findings – The “Spring model” explains how risk can impact different organizational levels (enterprise, project portfolio, functions, projects), and how risk can be effectively managed, at different organizational levels, through the organization's capabilities. Practical implications – The paper gives concrete guidance on the operational elements that project-based organisations should consider for managing risks in a comprehensive and integrated way and discusses potential analysis/insights that could be derived embracing the capability perspective. The empirical testing, performed in a leading oil and gas company, provides an example of its functioning. Originality/value – The paper represents an attempt to apply ERM concepts and tools to operations, making a connection between research in corporate governance and finance, where the ERM concept originated, and research in project management, where attention of researchers tended to concentrate on specific types of risk management practices.
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Talebi, Alireza, and Davar Rezania. "Governance of projects in public procurement of innovation a multi-level perspective." Journal of Public Procurement 20, no. 2 (April 10, 2020): 187–206. http://dx.doi.org/10.1108/jopp-01-2019-0005.
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Purpose Governance of projects is a dynamic process that involves the interaction of agents, opportunities, rules, instruments and legitimacy. The authors conducted a case study of the governance of exploratory projects in public procurement of innovation in a local government. The authors consider both contextual aspects that impose requirements on the procurement process and procedural aspects of how the different actors interact with each other. In particular, the purpose of this study is to investigate how actors make sense of the projects and how governance evolves over their lifetime. Design/methodology/approach To engage in an open-system investigation of exploratory public procurement of innovation (PPI) projects, the authors adopted a case study approach in which they collected a variety of data including publicly available documentary evidence, interviews with project participants and project evaluation reports. The authors used transcripts of 17 interviews with project participants conducted independently to gain an initial understanding of the case. They conducted additional semi-structured interviews with projects’ participants (ten interviews in total) and used theory-driven analysis (Pawson and Tilley, 1997) based on Borrás and Edler’s (2014) model of governance. Findings The authors identified four stages – problem identification, partner selection, partnership development and evaluation and commercialization – these projects. The case demonstrates how governance changes in each stage and at the three levels of policy, network and projects. Each level has its own governance pillar. The results suggest that a multi-level perspective (MLP) can be a fruitful framework to study governance of projects in these contexts. Research limitations/implications The authors note that the number of participants in the network of this case is not very large. Other organizations that aim to adopt PPI may need to pay attention to the complementarity and the number of partners in the network. In this case, organizations were motivated to collaborate as each had its own objectives which were distinct but complementary. Practical implications Co-creation of value is currently a topic of interest for public policy reform across the globe. The case indicates that procurement for innovation requires a degree of coordinated change across governmental departments, such as planning, legal and procurement to implement the policy and related support systems. Furthermore, the authors observed that a portfolio approach to inter-organizational collaboration with different partners was effective. Each partner has its own objective, but they complement one another. A portfolio of different, though complementary, inter-organizational arrangements enables various complementary instruments and various logics to be used. Social implications The public sector is an important actor in driving innovation in products and services that fulfill societal needs. This is explored in public procurement of innovation. In this process, several partners from private and public sectors are involved. This partnership is mainly used to co-create the value and encourage innovation to benefit the citizens. However, to serve this goal, the case indicates that procurement for innovation requires a degree of coordinated change across governmental departments, such as planning, legal and procurement to implement the policy and related support systems. For this phenomenon MLP should be used as an inclusive framework to study socio-technical change. Originality/value The analysis of the case presented in this study demonstrates that even in the case of temporary public procurement of innovation projects, governance is layered. The three pillars of governance not only interact at each layer but also communicate across layers. Even though the interaction of the three pillars of governance is well established in the literature on socio-technical change, the interaction across levels in the context of temporary projects is novel. The authors contribute to the literature on governance of such projects by highlighting the stratification of governance.
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Hendrian, Yayan. "Analisis Tata Kelola Dan Perencanaan Investasi Teknologi Informasi Dengan Metode Cobit Dan Val It." Jurnal Teknik Komputer 5, no. 1 (February 19, 2019): 105–12. http://dx.doi.org/10.31294/jtk.v5i1.5117.
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Abstract - IT Governance and the development of appropriate information technology, aligned with business strategy and in accordance with the target is a priority, but often development projects are not expected to match the even, there are many information technology development project failure or canceled in the middle of the road. That's because information technology governance and IT investment planning are not good. It is necessary to analysis IT governenace and planning of IT investment. The selected sample is PT. Candi Malindo Bangkit with five (5) respondents involved. Tools in this study using the COBIT framework for data and opinions about IT governance and Val IT for IT investment planning. The selected domain from the COBIT framework are DS4 (continuous service), DS5 (information system security) and DS11 (data management), and the domain of Val IT are Value Governance (VG), Portfolio Management (PM) and Investment Management (IM) . Then based on the analysis can be known maturity level of IT governance and IT investment planning. The analysis shows that the current PT. Candi Malindo Bangkit still at maturity level 1 (one) or at the level of the initial/Adhoc which means IT governance and IT investment planning has been no standardization process, yet organized and implemented based on the needs of a sudden.Keywords: Audit, IT Governance, COBIT, Val IT
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Zaman, Umer, Raja Danish Nadeem, Shahid Nawaz, and Lorenzo Ardito. "Cross-country evidence on project portfolio success in the Asia-Pacific region: Role of CEO transformational leadership, portfolio governance and strategic innovation orientation." Cogent Business & Management 7, no. 1 (January 1, 2020): 1727681. http://dx.doi.org/10.1080/23311975.2020.1727681.
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Young, Michael, Raymond Young, and Julio Romero Zapata. "Project, programme and portfolio maturity: a case study of Australian Federal Government." International Journal of Managing Projects in Business 7, no. 2 (April 1, 2014): 215–30. http://dx.doi.org/10.1108/ijmpb-08-2013-0034.
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Purpose – This paper aims to examine the notion of maturity assessment and maturity models more broadly and goes on to examine the findings from the assessments of project, programme and portfolio maturity undertaken across Australian Government agencies. Design/methodology/approach – A statistical analysis was performed to determine the level of maturity that best represents the Australian Federal Government agencies as a whole. The unit of analysis in this study is the agencies overall scores in each sub-model across the seven perspectives of the portfolio, programme and project management maturity model (P3M3) maturity model. Findings – This study has identified a number of interesting findings. First, the practices of project, programme and portfolio across the dataset practiced independently of each other. Second, benefits management and strategy alignment practices are generally poor across Australian Government agencies. Third, programme management practices are the most immature. Finally, the results showed a high sensitivity to the “generic attributes” of roles and responsibilities, experience, capability development, planning and estimating and scrutiny and review. Research limitations/implications – All data used in this analysis are secondary data collected from individual Australian Government agencies. The data were collected by accredited consultants following a common data collection method and using a standard template to ensure a consistent approach. Practical implications – The study poses some implications for practice, particularly given the context of Australian Federal Government agencies current plans and action to improve organisational maturity. The study suggests that benefits management processes at the project level and benefits management, governance and stakeholder management processes at the programme level should be an area of focus for improvement. Originality/value – This study is the first attempt to systematically review the data collected through such an assessment and in particular identify the findings and the implications at a whole of government level.
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Ryan, Lori Verstegen, and Bryan Dennis. "The Ethical Undercurrents of Pension Fund Management: Establishing a Research Agenda." Business Ethics Quarterly 13, no. 3 (July 2003): 315–35. http://dx.doi.org/10.5840/beq200313324.
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Abstract:Over the last two decades, institutional investing has rocked the world of corporate governance in a transformation that has begun to be reflected in the finance, legal, and management literatures. Traditional players have seen their roles change and bases of power shift, and new actors have entered the governance equation. These transitions have entailed an ethical upheaval that is only beginning to be addressed in the business ethics literature.This paper attempts to facilitate research in this area by integrating various literatures into an examination of a series of business ethics issues related to pension fund activism and portfolio management, fund staffing, and employee compensation. The primary intent of this project is to encourage increased business ethics research in the area of institutional investing in general and pension fund management in particular.
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Głodziński, Eryk. "Performance measurement embedded in organizational project management of general contractors operating in Poland." Measuring Business Excellence 25, no. 3 (February 8, 2021): 271–86. http://dx.doi.org/10.1108/mbe-06-2019-0051.
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Purpose The purpose of this paper is to discuss contemporary knowledge relevant to the application of performance measurement (PMe) in the concept of OPM and to compare findings from a literature review with solutions recommended for utilization by managers from general contractors operating in Poland. There are few studies related to the mentioned topic, much fewer describing the geographical area of Eastern Europe. Design/methodology/approach Triangulation of research methods was selected. First literature review, next desk research and finally descriptive statistical analysis and interview were conducted. The research methods were applied in three steps whose beginnings overlapped and the mid-term findings from one study complemented others. Findings PMe should be focused on management and governance issues. Its evaluation is related to various organizational levels (permanent organization, portfolio, program, project, construction site and supply chain), most of them are under valuated by practitioners. The conducted study pointed out that there are numerous supporting tools and measures applicable in organizational project management (OPM). The managers recommend combining various tools in one comprehensive OPM system, to limit multiple manual incorporations of the same data to the various databases. The managers call to increase the practical usefulness of researchers’ proposals, to educate the construction managers in the application of complex performance systems and to promote portfolio thinking. Originality/value The comparison of performance measurement solutions proposed by academia with experience collected from Polish construction managers could support the better application of theoretical ideas in practice.
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Brito, Jéssica Vivianne da Cunha Silva de, and Josué Vitor de Medeiros Júnior. "Alignment strategic in project-based businesses: a review of the literature." Revista Ibero-Americana de Estratégia 20, no. 1 (April 20, 2021): e17902. http://dx.doi.org/10.5585/riae.v20i1.17902.
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Objective: This literature review sought to understand the theoretical-empirical connections of strategic alignment in project-based businessesMethodology: We carried out a systematic review with searches in scientific databases (Web of Science and Scopus) and application of technical snowballing with the intention of finding the most relevant works on the topic. The strings adopted were based on the keywords: project-based businesses and strategy. Filters related to the research area, the document types and the language were applied. The selected articles were analyzed following the steps: removal of duplicates, reading of titles, abstracts and quality assessment. After these steps, 20 papers were analyzed in a descriptive and exploratory way using VOSviewer, Biblioshiny and MS Excel software.Originality: The paper filled a gap concerning strategic alignment in the context of project-based business, which is an emerging concept that is little debated in the literature.Main results: The results showed a mutual influence between strategy alignment and project management. It was found that the first helps organizations to focus on correct projects, while project management helps achieves their strategic objectives. Four research focuses related to the strategic alignment in the PBB were also published in the literature: project management and organizational strategy; interaction between actors in the formation of strategies; program, portfolio and governance management; project management office and organizational design.Contributions: The contribution consists of presenting a set of propositions that systematize the findings of the papers and elucidate ways for the formation of a research agenda.
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Solleiro-Rebolledo, Jose Luis, Moisés Braulio García-Martínez, Rosario Castañón-Ibarra, and Laura Elena Martínez-Salvador. "Smart specialization for building up a regional innovation agenda: the case of San Luis Potosí, Mexico." Journal of Evolutionary Studies in Business 5, no. 1 (January 30, 2020): 81–115. http://dx.doi.org/10.1344/jesb2020.1.j069.
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The state of San Luis Potosí (SLP) is divided into four regions: “Altiplano, Centro, Huasteca and Media”. A large socioeconomic inequality is perceived among the regions, this is especially observed when comparing Centro with the other regions, mainly because Centro region shows greater economic dynamism and has a great amount of companies, educational institutions and research centers, which contributes to lower its socioeconomic lag. In order to reduce the social inequality and the economic development gap of SLP, a project for the construction of innovation agendas with a regional focus was formulated applying RIS3 methodology.Therefore, this article has as its main objective, to present and analyze the results of this project, through the identification of regional economic potential and their areas of smart specialization, as well as international technological trends in those areas. As an important component, a governance mechanism was organized in the four regions used to build consensus and legitimate the RIS3 process. In the framework of triple- helix participatory workshops, a portfolio of priority innovation projects was defined. This article offers an analysis of favorable factors and obstacles faced during the process; a series of recommendations for the promotion of regional innovation agendas (RIA) plus brief conclusions.
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Laryea, Samuel. "Procurement strategy and outcomes of a new universities project in South Africa." Engineering, Construction and Architectural Management 26, no. 9 (October 21, 2019): 2060–83. http://dx.doi.org/10.1108/ecam-04-2018-0154.
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Purpose Construction project management outcomes in the literature typically portray significant deviations from expected outcomes. Various theories from studies that focus superficially on causes of project cost and time overruns rather than root causes have not addressed this problem. The need is for a better understanding of how procurement strategy provides a fundamental means to address this problem. The purpose of this paper is to examine the procurement strategy used to deliver a new universities project in South Africa within budget and to ascertain its influence on the outcomes. Design/methodology/approach A case study was designed to provide a comprehensive and intensive methodology to identify and examine the construction procurement strategy and its influence on the project outcomes. Document analyses and semi-structured interviews were used to collect data on the construction procurement strategy and outcomes from the client team. Findings The evidence brought forward demonstrates that the successful outcome was largely a consequence of the client team, procurement strategy and systems of delivery. However, the collaborative procurement strategy formed the basis of the successful project delivery and outcomes. A general observation from the data is that an appropriate construction procurement strategy developed by an experienced client team and proactively implemented by an integrated delivery team working collaboratively is likely to achieve the intended project outcomes. Practical implications The findings show three critical keys to achieving intended outcomes – people, procurement strategy and systems of delivery at the governance, portfolio, programme and project management levels. Originality/value The value of this paper lies in using a comprehensive methodology to study the relationship between procurement strategy and outcomes. The findings can be applied by client teams to achieve better outcomes and value for money in infrastructure projects.
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Kagermeier, Andreas. "Challenges in achieving leadership structures for repositioning the destination Cyprus." Tourism Review 69, no. 2 (June 10, 2014): 158–70. http://dx.doi.org/10.1108/tr-06-2013-0032.
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Purpose – The aim of this contribution is to present the structural constraints faced by the Cypriot tourism industry on its path to changing its product portfolio, previously dominated by the beach-tourism segment. Design/methodology/approach – Using a heuristic approach, the current processes are viewed from the angle of the change from a Fordist to a post-Fordist production scheme. Findings – The persistence of traditional governance and power structures hinder the transition and the emergence of new leadership structures and stakeholder interaction patterns. Research limitations/implications – The limitations of this paper are that the findings are only preliminary because they result from a research project that is about to commence. Originality/value – The paper is based on a fact-finding mission and deals with a topic that has transfer potential for other Mediterranean destinations.
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Valverde Alulema, Francisco Xavier, and Faraón Llorens. "Alignment of the Portfolio of IT Projects with the IT Governance in Spanish Universities." TECHNO REVIEW. International Technology, Science and Society Review 10, no. 2 (September 6, 2021): 111–31. http://dx.doi.org/10.37467/gka-revtechno.v10.2813.
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This research considers a rubric to assess the portfolio implemented in universities and its alignment with the IT governance principles established by ISO/IEC 38500. The rubric considers 16 elements. It estimates the relationship with 21 possible advantages of implementing the portfolio with some of the elements present. And it compares and establishes the level of coincidence with the real benefits perceived by the universities. This rubric has been applied to the public universities of the Spanish university system. It is concluded that a high percentage of the portfolios implemented have a clear strategic focus and are aligned with IT governance.
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Amuyou, Ushuki A., Yi Wang, Francis Bisong, and Alexander S. Antonarakis. "Livelihood Impacts of Forest Carbon Protection in the Context of Redd+ in Cross River State, Southeast Nigeria." Sustainability 13, no. 9 (April 30, 2021): 5081. http://dx.doi.org/10.3390/su13095081.
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The rate of landcover change linked to deforestation and forest degradation in tropical environments has continued to surge despite a series of forest governance policy instruments over the years. These informed the launch of one of the most important international policies called Reducing Emission from Deforestation and Forest Degradation Plus (REDD+) to combat forest destruction. REDD+ assumes that communities will have increased assets to natural capital which will enhance their livelihood portfolio and mitigate the effects of climate variability and change across biomes. The aim of this study is to ascertain the livelihoods impacts of forest carbon protection within the context of REDD+ in Cross River State, Nigeria. Six forest communities were chosen across three agroecological zones of the State. Anchored on the Sustainable Livelihood Framework, a set of questionnaires were administered to randomly picked households. The results indicate that more than half of the respondents aligned with financial payment and more natural resources as the perceived benefits of carbon protection. More so, a multinomial logistic regression showed that income was the main factor that influenced respondent’s support for forest carbon protection. Analysis of income trends from the ‘big seven’ non-timber forest resources in the region showed increase in Gnetum africanum, Bushmeat, Irvingia gabonensis, Garcinia kola, while carpolobia spp., Randia and rattan cane revealed declining income since inception of REDD+. The recorded increase in household income was attributed to a ban in logging. It is recommended that the forest communities should be more heavily involved in the subsequent phases of the project implementation to avoid carbon leakages.
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Okoloise, Chairman. "“Humanizing” investments in the extractive industries in Africa through the IFC’s sustainability policies." Journal of Sustainable Development Law and Policy (The) 11, no. 1 (November 10, 2020): 106–37. http://dx.doi.org/10.4314/jsdlp.v11i1.6.
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International financial institutions face enormous challenges in Emerging Markets and Developing Economies (EMDEs). They finance infrastructure projects, manage vast investment portfolios, offer advisory services, and contribute to economic development in EMDEs. In the process, they areexposed to huge risks and face reputational damage if they act recklessly or have little or no regard for their projects’ adverse impacts on thirdparties. In the context of natural resource exploitation in Africa, the weak governance of environmental and social risks often results in devastating consequences for communities proximate to investment projects. Promises of infrastructure and social services, job opportunities and economic boom have only often delivered land grabs, forced displacement, cultural infringements, environmental pollution, conflicts, health disasters, misery and sometimes deaths. As calls for greater corporate scrutiny increase, investment project facilitators in the extractive industries like the International Finance Corporation (IFC) must respond appropriately. To preserve its reputation and long-term market access, the IFC needs to apply a higher degree of due diligence and sustainable business conduct that proactively treat risks and limit its exposure. With the rising number of complaints against IFC policy compliance, including projects tainted by scandals and the debarment of companies from accessing international finance, this article demonstrates that merely promoting sustainable investment policies on paper is inadequate. Using a human rights-centred approach to development project financing, the article critically assesses the extent to which the implementation of the IFC’s sustainability framework can practicably protect resource-rich communities, safeguard human rights and ensure sustainable development outcomes in Africa.
Keywords: Extractive Industries, Human rights, Project Financing, IFC, Compliance, Sustainable Development.
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Satish, D. "EXIM Bank’s Rampal Project Financing Dilemma." Asian Case Research Journal 23, no. 02 (December 2019): 237–71. http://dx.doi.org/10.1142/s0218927519500093.
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Export Import Bank of India (EXIM Bank) had agreed to finance a US$1.62 billion debt which constituted 70% of the capital needed to construct a controversial 1320 MW coal-based thermal power plant in Rampal, Bangladesh. The plant was located within 14 km of the Sundarbans, recognized by UNESCO as a world heritage site. According to environmentalists, the construction and operation of this plant would give rise to serious environmental, social, and governance issues which would have an adverse, irreversible, and unprecedented effect on the Sundarbans and its people. Amidst growing pressure from activists, Yaduvendra Mathur, Chairman and Managing Director of EXIM Bank, has to take a call on whether to go ahead with financing the project or not. The decision will not only involve assessing the financial impact of the Rampal exposure on the bank given the risks associated with the project, but also involve evaluating issues relating to financing fossil fuel exposure at a time when the financial community has taken climate change seriously and is decarbonizing its portfolios while investing in clean energy.
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Ulriksen, Gro-Hilde, Rune Pedersen, and Gunnar Ellingsen. "The Politics of Establishing ICT Governance for Large-Scale Healthcare Information Infrastructures." International Journal of Social and Organizational Dynamics in IT 6, no. 1 (January 2017): 48–61. http://dx.doi.org/10.4018/ijsodit.2017010104.
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In Norway, the focus on interoperability and communication across healthcare practices has increased the need to connect ICT portfolios at different levels of healthcare, into large-scale information infrastructures (II). Governing healthcare practices is exceptionally complex, due to the diverging goals and policies of the heterogeneous actors involved. Establish well-functioning ICT governance organizations to handle these large infrastructures is therefore important. Using information infrastructure theory, and governance literature from the IS field, this paper contributes with empirical insight to the longitudinal and political process of establishing ICT governance in a healthcare context, reporting from one of Norway's largest health ICT projects, situated in the North Norway Regional Health Authority in 2012–2016. Our focus was on the following research questions: How does organizational politics shape the process of establishing an ICT governance organization in a heterogeneous healthcare environment, and what does it take to establish such ICT governance organization?
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Wella, Wella, and Andreas Febrianus Tanujaya. "Evaluasi Penyelarasan Strategi Teknologi Informasi dan Strategi Bisnis di PT X Menggunakan Kerangka Kerja COBIT 5.0." Jurnal ULTIMA InfoSys 8, no. 2 (April 2, 2018): 81–86. http://dx.doi.org/10.31937/si.v8i2.617.
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Pemanfaatan TI sangat penting untuk penyampaian strategi dan visi utama bisnis sehingga mendukung aktivitas organisasi. PT X merupakan sebuah perusahaan yang bergerak di bidang plantation. PT X berkeinginan untuk mengetahui tingkat kapabilitas tata kelola TI mereka. Penelitian ini menggunakan framework COBIT 5.0 dan Capability Level. Proses yang akan diuji adalah Ensure Governance Framework Setting and Maintenance, Ensure Benefits Delivery, Manage the IT Management Framework, Manage Strategy, Manage Enterprise Architecture, Manage Portfolio, Manage Human Resources, Manage Relationship, Manage Programs and Projects, dan Manage Requirements Definition. Target yang ingin dicapai oleh PT X adalah pada level 3 untuk proses Manage Strategy, sedangkan untuk proses yang lain ditargetkan pada level 2. Namun, hasil yang didapatkan tidak sesuai dengan ekspektasi yaitu Ensure Governance Framework Setting and Maintenance, Ensure Benefits Delivery, Manage the IT Management Framework, Manage Enterprise Architecture, Manage Portofolio, Manage Programmes and Projects, dan Manage Requirements Definition berhenti pada level 1. Sedangkan Manage Strategy, Manage Human Resources dan Manage Relationship berhenti pada level 2. Sehingga perusahaan masih harus melakukan perbaikan berdasarkan rekomendasi yang diberikan yang mendasar pada framework COBIT5.0.
Kata kunci—Capability Level, COBIT 5.0, IT Framework, IT Governance.
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Dias Canedo, Edna, Ana Paula Morais do Vale, Rafael Leite Patrão, Leomar Camargo de Souza, Rogério Machado Gravina, Vinicius Eloy dos Reis, Fábio Lúcio Lopes Mendonça, and Rafael T. de Sousa. "Information and Communication Technology (ICT) Governance Processes: A Case Study." Information 11, no. 10 (September 29, 2020): 462. http://dx.doi.org/10.3390/info11100462.
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Information and Communication Technology (ICT) Governance is increasingly necessary and present in organizations aiming to improve the maturity of their ICT processes. This paper presents an analysis of the ICT Governance processes of a Brazilian Federal Public Administration agency. To assess the maturity of the ICT Governance processes, we surveyed and diagnosed the processes performed by the agency and organized a series of meetings/discussions to assist in the improvement and modeling of the processes related to the ICT Contract Planning process. As a result, we proposed improvements and identified the maturity level of the existing ICT processes, also assessing the awareness of employees of the General Coordination of Information Technology regarding these processes. Our findings reveal that the agency still needs to implement the following processes: (1) ICT People Management; (2) Business Process Modeling (Automated/to Automate); (3) Change Management; (4) Execution Monitoring of the ICT Projects and Services Portfolio; and (5) ICT Service Continuity Management. We also identified several artifacts that need to be implemented by the agency in different processes and collected survey participants’ suggestions about new processes to improve the maturity in ICT Governance.
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Ajjan, Haya, Ram L. Kumar, and Chandrasekar Subramaniam. "Information technology portfolio management implementation: a case study." Journal of Enterprise Information Management 29, no. 6 (October 10, 2016): 841–59. http://dx.doi.org/10.1108/jeim-07-2015-0065.
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Purpose The purpose of this paper is to examine the implementation of IT portfolio management (IT PoM) and develop a framework guided by adaptive structuration theory to describe the key structures, features, and appropriation steps needed to effectively manage IT investments and assets. Design/methodology/approach Using a longitudinal case study approach, data were collected over an eight-month period from a US Fortune 500 company during its IT PoM implementation effort. Findings The case analysis highlights three major IT PoM features appropriated by the organization: creating the portfolio; assessing and analyzing the portfolio characteristics based on risk, benefits, alignment, criticality, and cost; and balancing decisions to start projects or terminate under-performing IT assets such as servers and applications. The spirit of IT PoM was interpreted differently by different stakeholders (data providers, business units, and IT PoM team) leading to resistance to implementation. The case data underscores the importance of establishing a governance steering committee and new internal structures to help push the balancing decisions across the organization. Research limitations/implications The results are useful in developing guidelines and strategies to achieve successful implementation of IT PoM and to highlight critical factors that practitioners need to pay close attention to during an IT PoM implementation. Originality/value This study represents one of the first attempts to describe a detailed IT PoM implementation process and how IT PoM appropriation process can lead to improved decision making within the organization.
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Wilson, Scott. "Community-Driven Specifications." International Journal of IT Standards and Standardization Research 8, no. 2 (July 2010): 74–86. http://dx.doi.org/10.4018/jitsr.2010070106.
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This paper explores the issues and opportunities for specifications that develop outside of the traditional governance processes of industry consortia or formal standards organisations through a discussion and comparison of three specifications developed in the education sector: XCRI (eXchanging Course-Related Information), SWORD (Simple Web service Offering Repository Deposit), and LEAP2.0 (Learner Portfolios 2.0). In each case study, there are challenges, opportunities, and accomplishments, and the experiences of each project are compared to identify commonalities and differences. Based on these case studies, the paper applies the framework developed by Wilson and Velayutham (2009) to position the specifications against similar specifications from established consortia and formal standards. Finally, the topic of incubating specifications is discussed, with implications for funding agencies with an interest in supporting interoperability.
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Xiao, Mengzhu, Manuel Wetzel, Thomas Pregger, Sonja Simon, and Yvonne Scholz. "Modeling the Supply of Renewable Electricity to Metropolitan Regions in China." Energies 13, no. 12 (June 12, 2020): 3042. http://dx.doi.org/10.3390/en13123042.
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The accelerated urbanization and industrialization in China is leading to major challenges due to rising energy demand and emissions. Cities in particular play an important role in the decision-making and implementation processes for the energy transition. However, they often have only limited local energy potential and are heavily dependent on supply regions. We therefore assess how a predominantly renewable power supply can be implemented based on the availability of local or imported renewable resources. We present a case study in which an advanced energy system model is parametrized and applied to address questions which are relevant to the transformation of the energy system in China. The model is capable of simultaneously optimizing investment decisions and hourly power balances of a scenario year, taking into account different storage technologies, regional power exchange and policy constraints such as carbon cap, carbon price and renewable portfolio standards. The study takes the Beijing-Tianjin-Hebei metropolitan region with Inner Mongolia as a supply region—considered as exemplary regions characterized by heterogeneous infrastructures, resources and consumption—as its model. Starting from a context-related normative energy scenario, we analyze a possible future electricity system under various assumptions using the Renewable Energy Mix (REMix) energy system model developed at the DLR (German Aerospace Center). Depending on the estimated potentials of renewable energies, technology costs and the projected electricity demand, the metropolitan region is mainly supplied with imported wind and solar power. A sensitivity analysis considers installed capacities, annual generation, CO2 emissions and costs. The results indicate that the assumption of storage costs is of great importance for the future total costs of an electricity system. Variations in other parameters led to different generation portfolios with similar system costs. Our results provide insights into future regional infrastructure needs, and underline the importance of regional coordination and governance for the energy transition in China.
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Gomes, Leonardo Augusto de Vasconcelos, Aline Mariane de Faria, Felipe Mendes Borini, Ximena Alejandra Flechas Chaparro, Matheus Graciani dos Santos, and Guilherme Soares Gurgel Amaral. "Dispersed knowledge management in ecosystems." Journal of Knowledge Management 25, no. 4 (March 25, 2021): 796–825. http://dx.doi.org/10.1108/jkm-03-2020-0239.
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Purpose Accessing and sharing dispersed knowledge in ecosystems is neither easy nor automatic. In ecosystems, focal firms should purposely create the right conditions and act to deal with dispersed knowledge. This study aims to investigate how focal firms manage dispersed knowledge in ecosystems characterized by a set of autonomous, heterogeneous, yet interdependent actors involved in experimentation under uncertainty. Design/methodology/approach Following a conceptual framework based on preceding literature, this study conducted a broad qualitative case study of 6 firms and 12 projects, with 43 semi-structured interviews to identify the patterns of actions associated with dispersed knowledge management (KM) in ecosystems. This paper combines coding and multiple case comparisons to examine the processes and strategies used by the firms to strategically manage dispersed knowledge in ecosystems. Findings This paper proposes a framework that articulates a new type of orchestration (dispersed knowledge orchestration) and offers a new set of dispersed knowledge strategies (transfer, modularity and circular) for ecosystems. Practical implications Innovation and knowledge managers play the roles of dispersed knowledge orchestrators. The study offers guidance on how focal firms should carefully use a particular set of approaches (e.g. integrative theorization) including a portfolio of dispersed knowledge strategies in ecosystems. Originality/value Current literature on KM and ecosystem management offers a limited understanding of how organizations manage dispersed knowledge in ecosystems. The research provides three major original contributions. First, the framework contributes to broadening the current understanding of ecosystem orchestration by identifying the micro-foundations of dispersed knowledge orchestration: integrative theorization, nurturing distributed sensemaking and a new chapter for ecosystem governance (i.e. dispersed knowledge governance). Moreover, the framework proposes a new type of strategy, the dispersed knowledge strategy. Finally, by exploring the interplay between the micro-foundations of dispersed knowledge orchestration and dispersed knowledge strategy, the results contribute to a multi-level approach in the field.
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Marchenko, Valeriya. "Obesity Levels in the Russian Federation—A Risk Reduction Portfolio Management Corporate Governance Approach to the Bio-Psycho-Social Influence of Marketing Projects in the Russian Fast Food Industry." Open Journal of Social Sciences 08, no. 08 (2020): 292–312. http://dx.doi.org/10.4236/jss.2020.88025.
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Che Fonchingong, Charles. "Legitimating Social Inequality: Political Elites, Ethnic Peddling and Dislocated Constituencies." European Scientific Journal, ESJ 12, no. 26 (September 30, 2016): 163. http://dx.doi.org/10.19044/esj.2016.v12n26p163.
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Political cronyism has been flagged up as a trigger for state dysfunction in post-independence Africa, resulting in escalating social inequality. This paper lays out elite (mostly elderly) dislocation of political space; polarizing communities with constituents feeling distant from governmental machinery with constituency representation under siege. Using case studies, backed up with documentary analysis, framed in conjunction with the conceptual thinking of deliberative democracy; this study engages with the elements of dislocation. Constituency misrepresentation is laid out through a triangulation of case study material drawn from newspaper reports, discourses and counter narratives, amplified by process tracing and inferential analysis. Elite manipulation of political spaces exacerbates social inequality, creates fractured communities; undermines democratic mandate, social advancement and broad citizen consensus. From media coverage of glib slogans, elite pledge generic support for the regime in place whilst constituents are giving false expectations that seldom materialize into concrete development. There are no clear-cut manifestos that reflect the voices of constituents against bogus claims to state institutions with the political elite purportedly speaking on behalf of their constituents -‘the people’. The ensuing inertia creates a false sense of representative governance as projects promised are rarely delivered. Slogans should usefully channel the development needs of constituents, permitting government to calibrate a robust development portfolio and citizen assemblies factored into policy design and service delivery. Developing a stakeholder approach and building the capability of social development professionals, in order to filter through pressing concerns with measurable outcomes, bolstering youth employment and fostering social protection would remove the lock jams in constituencies. Strategic spending in public services and essential infrastructure such as health, roads, transport, water, power supply and education are crucial in reducing inequality.
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Gonzales, P., and N. K. Ajami. "Urban water sustainability: an integrative framework for regional water management." Hydrology and Earth System Sciences Discussions 12, no. 11 (November 3, 2015): 11291–329. http://dx.doi.org/10.5194/hessd-12-11291-2015.
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Abstract. Traditional urban water supply portfolios have proven to be unsustainable under the uncertainties associated with growth and long-term climate variability. Introducing alternative water supplies such as recycled water, captured runoff, desalination, as well as demand management strategies such as conservation and efficiency measures, has been widely proposed to address the long-term sustainability of urban water resources. Collaborative efforts have the potential to achieve this goal through more efficient use of common pool resources and access to funding opportunities for supply diversification projects. However, this requires a paradigm shift towards holistic solutions that address the complexity of hydrologic, socio-economic and governance dynamics surrounding water management issues. The objective of this work is to develop a regional integrative framework for the assessment of water resource sustainability under current management practices, as well as to identify opportunities for sustainability improvement in coupled socio-hydrologic systems. We define the sustainability of a water utility as the ability to access reliable supplies to consistently satisfy current needs, make responsible use of supplies, and have the capacity to adapt to future scenarios. To compute a quantitative measure of sustainability, we develop a numerical index comprised of supply, demand, and adaptive capacity indicators, including an innovative way to account for the importance of having diverse supply sources. We demonstrate the application of this framework to the Hetch Hetchy Regional Water System in the San Francisco Bay Area of California. Our analyses demonstrate that water agencies that share common water supplies are in a good position to establish integrative regional management partnerships in order to achieve individual and collective short-term and long-term benefits.
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Prayagsing, Chakeel, and Kheswar Jankee. "Influence of External Sources of Funding on Corporate Financial Policies in a Pre-Financial Crisis Period in South Africa—A Case Study of Mauritian Enterprises." Journal of Economics and Public Finance 3, no. 3 (June 3, 2017): 287. http://dx.doi.org/10.22158/jepf.v3n3p287.
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<p><em>A number of scholars have been motivated to study the manner to which firms adjust their corporate finance strategies in light of the availability and easiness of accessing external sources of funding. Till recently, researchers have also been interested to analyse the external factors that allow firms to relax their fixed budget and the consequent impact on corporate strategies. These mainly include alterations in the composition of their funding and the second round effects on other corporate decisions such as on investment projects and their dividend policies. External financing can be assessed both from a policy perspective, i.e., via financial liberalisation policies, as well as other development in the financial sector such as availability of alternative bases of finance, both from banks and non-banks. It will thus be pertinent to examine the impact of FL policies as well as availability of financial resources on the capital structure of Mauritian firms and their investment decisions in a post financial liberalization period. A judicious investigation is undertaken and the empirical soundness of our different formulations tested with the techniques of panel data and GMM estimates. We compare and contrast the results in the 7 different sectors notably banking, insurance, leasing, hotel, oil, retail/distributive trade and the construction industry. For a better analysis, the full sample of firms is divided into several subsamples as follows: top 100 companies, firms in group-structure, those which are not in group structures, local firms, international firms, firms with good banking ties, those with good and poor corporate governance, listed and unlisted firms. By employing different econometric investment models, we found that all indices of FL, including the index of money market liberalisation, index of capital account liberalisation and overall financial liberalisation index have do not have any influence on private investment behaviour. In contract, higher amount of money in circulation, bank credit, leasing activities and subsidised financing from the Development bank have a positive impact on private investment expenditures. Development in the financial sector in terms of credit facilities offered by insurance companies, venture capitals and the stock market activities have not been effective in inducing firms to increase their investment portfolios.</em></p>
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Martí-Ballester, Carmen Pilar. "Investor reactions to socially responsible investment." Management Decision 53, no. 3 (April 20, 2015): 571–604. http://dx.doi.org/10.1108/md-04-2014-0207.
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Purpose – The purpose of this paper is to analyze investor reactions to ethical screening by pension plan managers. Design/methodology/approach – The author presents a sample consisting of data corresponding to 573 pension plans in relation to such aspects as financial performance, inception date, asset size, number of participants, custodial and management fees, and whether their managers adopt ethical screening or give part of their profits to social projects. On this data the author implements the fixed effects panel data model proposed by Vogelsang (2012). Findings – The results obtained indicate that investors/consumers prefer traditional or solidarity pension plans to ethical pension plans. Furthermore, the findings show that ethical investors/consumers are more (less) sensitive to positive (negative) lagged returns than caring and traditional consumers, causing traditional consumers to contribute to pension plans that they already own. Research limitations/implications – The author does not know what types of environmental, social and corporate governance criteria have been adopted by ethical pension plan managers and the weight given to each of these criteria for selecting the stock of the firms in their portfolios that could influence in the investors’ behaviour. Practical implications – The results obtained in the current paper show that investors invest less money in ethical pension plans than in traditional and solidarity pension plans; this could be due to the lack of information for their part. To solve this, management companies could increase the transparency about their corporate social responsibility (CSR) investments to encourage investors to invest in ethical products so these lead to raising CSR standards in companies, and therefore, sustainable development. Social implications – The Spanish socially responsible investment retail market is still at an early phase of development, and regulators should promote it in order to encourage firms to adopt business activities that take into account societal concerns. Originality/value – This paper provides new evidence in a field little analysed. This paper contributes to the existing literature by focusing on examining the behaviour of pension funds investors whose investment time horizon is in the long-term while previous literature focus on analysing behaviour of mutual fund investors whose investment time horizon is in the short/medium term what could cause different investors’ behaviour.
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Khisamitova, Alsu, Anastasia Stepanova, and Maria Kokoreva. "Go for a Woman if you Feel Risky: Evidence from Gender Diversity in MFIs." Journal of Corporate Finance Research / Корпоративные Финансы | ISSN: 2073-0438 13, no. 3 (December 22, 2019): 19–34. http://dx.doi.org/10.17323/j.jcfr.2073-0438.13.3.2019.19-34.
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This paper contributes to the literature on management and corporate governance in microfinance institutions. Themicrofinance market is one of the rare markets with a large representation of women in management and governanceroles. The objective of our paper is to reveal the effects of women’s presence on the financial and social performance ofmicrofinance institutions.To achieve this, we develop a model that allows for capturing the influence of gender diversity in the microfinance fieldwhilst controlling for risks. We focus on the role of women as loan officers, on boards of directors, and involved inmanaging the creation of microfinance institutions. Our model utilises two sets of panel data regressions, one for socialperformance and one for financial performance, and is tested on data from 193 microfinance institutions across EasternEurope and Central Asia for the financial years 2010 through 2014.The results of our investigation indicate that the activity of female members of management, CEOs, and boards ofdirectors could increase performance indicators for riskier microfinance institutions. This is illustrated particularly inthe case of projects with greater stakes in portfolios that are more than 90 days in arrears. We also provide evidencethat women on boards tend more towards promoting a strategy utilising large quantities of small loans with greaterinterest. The social performance of microfinance institutions is crucially determined by the microfinance institutions’size. For the largest microfinance institutions, questions of social performance lie in the field of boards of directors, whilesmaller institutions’ social performance is mostly driven by CEOs and staff, with significant evidence of a positive femaleinfluence on performance indicators.The novelty of this study is demonstrated the scope of our research. We combine several contemporary issues of peculiarcross-disciplinary interest, and offer succinct and compelling results which will be of immediate applicability in a widerange of academic and professional fields. Our results will be of interest to scholars of gender, social studies, psychology,business, corporate structure, and more. More specifically, we add to the evolving sub-field of study of microfinanceinstitutions, which has the potential to develop rapidly in the near future. This paper represents a cross-section ofcommercial and business research across a wide territory, with a large sample size, and provides compelling conclusions,which add to these fields of study by both validating existing research, and highlighting new areas for future analysis.
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Erasmus, Wikus, and Carl Marnewick. "An IT governance framework for IS portfolio management." International Journal of Managing Projects in Business ahead-of-print, ahead-of-print (September 15, 2020). http://dx.doi.org/10.1108/ijmpb-04-2020-0110.
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PurposeSuccess in the information systems (IS) project domain is elusive despite extensive research on the topic. Governance is seen as the greatest contributor to project success. The purpose of this paper is to investigate and report on the current perceptions and implementation of information technology (IT) governance within IS portfolio management to develop a sub-framework to guide practitioners. This sub-framework forms part of a grand IS project, programme and portfolio governance framework of which this study forms a contributing part.Design/methodology/approachThe researchers followed a mixed-methods approach through utilising Q-methodology and inverted factor analysis.FindingsThe results provided a sub-framework recommending specific IT governance practices to be applied to IS portfolios. The recommendations are categorised as activities to be maintained, enhanced and/or implemented.Research limitations/implicationsThe research only had participants from South African organisations and as such cannot be reliably extrapolated to other regions.Originality/valueThe resultant sub-framework provides stakeholders and practitioners involved in IS portfolios an opportunity to examine their own approaches and be confronted with possibilities in their portfolio management activities. Further research to be conducted includes creating a grand framework to address the linkages between portfolio, programme and project management as it relates to IT governance on various strategic levels.
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"Optimize Software Governance with a Predictive Model to Improve the Success Rate of Software Projects, Program and Portfolio." International Journal of Recent Technology and Engineering 8, no. 2S11 (November 2, 2019): 3934–37. http://dx.doi.org/10.35940/ijrte.b1532.0982s1119.
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Success of Software projects is the main objective of any IT organization. Software Project management is a combination of People, Process and Technology to support the success of software projects. IT Governance ensures operational efficiency though various control mechanisms at a Project, Program and Portfolio level. Currently we have a gap in Governance and compliance process in predicting the success of software projects. This paper is focused on optimizing software governance with a logical predictive model
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Lawson, Brenton, Larissa Statsenko, and Morteza Shokri-Ghasabeh. "Value co-creation in asset integrity and improvement portfolio: evidence from the Australian mining industry." Journal of Engineering, Design and Technology ahead-of-print, ahead-of-print (August 11, 2021). http://dx.doi.org/10.1108/jedt-04-2021-0230.
Full textAbstract:
Purpose Adopting a qualitative research design and following a single case study research methodology 21 semi-structured interviews with asset integrity project managers (PM), project sponsors (PS) and members of the project management office (PMO) were conducted. These were complemented with company’s project management framework documents and tools and direct observation by the researcher’s observation. Design/methodology/approach The data on the value creation in the mining asset integrity and improvement project portfolio was collected through 21 interviews with PM, PS and members of the PMO and complemented by observational data and the analysis of the Australian mining company process documentation. Findings The study finds that establishing a culture of delivering value supported by functional governance is critical for effective value creation practice in asset integrity and improvement project portfolios. In addition, early engagement of the key stakeholders with clearly defined roles and utilisation of project value management artifacts, enables effective value delivery throughout the project lifecycle. Originality/value The research offers an empirically grounded framework to facilitate value creation throughout the project lifecycle in asset integrity and improvement project portfolios drawing on a benchmarking case of an Australian mining company.