Portfolio Management Of The Research Projects In The Public And Private Sector

Topics: Project management, Strategic management, Research Pages: 88 (24885 words) Published: April 20, 2015
Portfolio Management of Research
Projects in the Public and Private
Sectors

Yolanda Yebra Aguado

Project Management
Submission date: June 2011
Supervisor:
Tim Kristian Andreas Torvatn, IØT

Norwegian University of Science and Technology
Department of Industrial Economics and Technology Management

MSc in Project Management, Thesis

Preface
This thesis work is carried out at the department of Industrial Economics and Technology Management (IØT). It constitutes the final thesis for the Master of Science in Project Management and was carried out during the spring semester 2011 at the Norwegian University of Science and Technology (NTNU).

This thesis has been both a challenging and rewarding experience for me. Academically, I was able to specialize in a topic of great interest in the discipline of project management. Personally, I learned to deal effectively with complexity and uncertainties in projects in order to achieve my goals. I am very pleased to have had the opportunity to culminate my studies with such a great learning experience.

I would like to thank my supervisor Research Scientist Anandasivakumar Ekabaram, Siva, for his time and disposition to guide me through every aspect that surrounded my work. I greatly value his knowledge and personal reflections shared with me through our discussions; these are very much reflected throughout this thesis. Many thanks to my supervisor Associate Professor Tim Torvatn for his guidance which helped me set the focus and shape the approach of my thesis work. I also thank Professor Ole Jonny Klakegg for sharing with me his knowledge. His words emphasized the importance of the topic of this thesis and strengthen my interest in it. I highly value the collaboration of the interviewees; their contributions greatly enriched my work.

Finally, I would like to thank my parents and brother for their unconditional support during this, my latest journey. This (ad)venture has been possible because of you.

Trondheim, June 2011

Yolanda Yebra Aguado

Yolanda Yebra Aguado

I

Portfolio Management of Research Projects in the Public and Private Sectors

II

Trondheim, NTNU

MSc in Project Management, Thesis

Summary
The purpose of this thesis is to gain a broader understanding on how the process of portfolio management of research projects is done in practice in both the public and private sectors. To achieve this, information is gathered from interviews with representatives from one public and one private organization and document analysis from a second private organization. The analysis of both theoretical and practical information provides an overview and a deeper understanding of the process in these public and private settings. This thesis is divided into seven sections. Section one consists of the introduction (Chapter One) and problem formulation (Chapter Two). The research model and research questions are presented. Furthermore, the importance and limitations of the thesis are described. The second section sets the framework for the theoretical background (Chapter Three). This section presents basic definitions and background theory on relevant concepts associated with the main topic of the thesis. From this theory the models that will support the analysis and discussion are drawn and selected.

Section three introduces the methodology approach used for the research process. First, a general overview of the research process is presented. Then the selected methodology is introduced along with the tools that are used to assist this process. Finally, there is a description of the research instruments, interview and document analysis, used as well as an introduction to the interviewees and the nature of their organizations. The fourth section consists of two chapters. Chapter Five presents the data gathered from the interviews and the document analysis. This section presents the information as was expressed by the interviewees and stated in the...

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