9PORTFOLIO MANAGEMENT SUCCESS
Introduction
Kendall & Rollins (2003) state that there are four major reasons why portfolios are unsuccessful. These reasons are (i) too many projects in the portfolio, (ii) the wrong projects are in the portfolio, (iii) the projects are not linked to the strategy of the organisation, and (iv) the portfolio is unbalanced.
Portfolio success is measured in terms of the aggregate investment performance and benefit realisation of the portfolio (Project Management Institute, 2013b). This definition from the Project Management Institute (PMI) implies that the success of a portfolio is measured over an extended period and that the success is also linked to the strategic intent of the organisation ...