Changes in portfolies management of organization projects in conditions of behavioral economy

Authors

  • Valentina M. Molokanova Dnepropetrovsk Regional Institute of Public Administration of the National Academy of Public Administration under the President of Ukraine, Gogol str., 29, Dnipro, Ukraine, 49044

DOI:

https://doi.org/10.15276/aait.04.2019.8

Keywords:

behavioral economics, project portfolio, value-oriented portfolio management, development of organizations, organizational values

Abstract

The article discusses the methodological aspects of portfolio management of organizations development in
conditions of behavioral economy. It is shown that the success of the organization’s development portfolio is impossible without
taking into account the dominant values of the organization. The article discusses conceptual provisions, methods and models that
form the basis of value-oriented management of project portfolios. The conceptual foundations of the value-oriented portfolio
management of organizational development are based on models of project life cycles, the formation of a vision for the development
of organizations based on the evolutionary theory of values in dynamic environment. The existing concepts, models and methods of
managing projects portfolios of organizational development are analyzed. Establishing the correspondence of the dominant levels of
organizational values to the established practices of project management showed that the management of project portfolios should
be considered from the perspective of a fundamentally new paradigm - as a systematic activity for the development of organizations
based on the values that dominate the organization. The types of organizational cultures in accordance with the evolutionary theory
of values are considered. The model of value-oriented development of the organization has been further developed and given an
understanding of the essence of the spiral nature of the systems development and allows the implementation of joint measures for the
organizations development in the form of projects portfolio. It is shown a model for diagnosing the state of organizational values at
the stages of the system life cycle to determine a strategy for adapting organizational values to the requirements of the external
environment. The method of competitive analysis of portfolio components has been improved to form the composition of the
organization’s development portfolio by applying the principles of value-oriented and reflective management to make managerial
decisions. The practical application of technology for value-oriented management of the enterprise development portfolio as a
complex organizational and technical system is considered.

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Author Biography

Valentina M. Molokanova, Dnepropetrovsk Regional Institute of Public Administration of the National Academy of Public Administration under the President of Ukraine, Gogol str., 29, Dnipro, Ukraine, 49044

Doctor of Technical Sciences, Professor, Professor of Project Management Chair

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Published

2019-12-24

How to Cite

[1]
Molokanova V.M. “Changes in portfolies management of organization projects in conditions of behavioral economy”. Applied Aspects of Information Technology. 2019; Vol. 2, No. 4: 345-358. DOI:https://doi.org/10.15276/aait.04.2019.8.