Applying the Project Portfolio Management Maturity Level Selection Method to an Organization

Abstract

The purpose of the paper is to create and apply a method for selecting the maturity level of an organization in the field of project portfolio management. A method for assessing the maturity level of an organization in the field of project portfolio management is proposed. The method is based on assessing the application of principles, functions, life cycle, specialized organizational structure, prescribed roles, and responsibilities for their implementation in managing a portfolio of projects. A distinctive feature of the method is that the evaluation uses a generalized table of project portfolio management processes. The functions performed should be reflected in this table. A method is proposed for choosing the maturity level of an organization’s project portfolio management based on the optimization of the maturity level and costs of project portfolio management. The method is applied to select a rational level of maturity of project portfolio management for a technical university.