Emerging Challenges in Innovation Portfolio Management: The Nordic Case

This empirical study revisits extant guidelines for portfolio management of research and innovation projects considering recent managerial challenges emerging such as artificial intelligence. The aim ofthe study is extending theory on project portfolio management (PPM) by examining knowledge-intensi...

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Bibliographic Details
Published inISPIM Conference Proceedings pp. 1 - 10
Main Authors Mikkelsen, Kristian H, Breunig, Karl Joachim
Format Conference Proceeding
LanguageEnglish
Published Manchester The International Society for Professional Innovation Management (ISPIM) 01.01.2023
Subjects
Artificial intelligence
Best practice
Competitive advantage
Decision making
Digital technology
Digitization
Guidelines
Innovations
Knowledge
Portfolio management
Portfolio performance
Product development
Project management
R&D
Research & development
Social networks
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Summary:This empirical study revisits extant guidelines for portfolio management of research and innovation projects considering recent managerial challenges emerging such as artificial intelligence. The aim ofthe study is extending theory on project portfolio management (PPM) by examining knowledge-intensive Nordic organizations that focus on digitalization as a central part of their value creation, and subsequently assessing how well existing guidelines incorporate practices emerging from digitalization. Three aggregate dimensions are identified as important indicators of emerging challenges to the field of PPM research and practice - (1) technology - and more specifically the influence of artificial intelligence, (2) roles in social networks and (3) variation in different contexts. These dimensions offer improved granularity and nuanced understanding of how to handle technological complexity in the strategic portfolio management of research and innovation projects.