Hyper-project portfolio management: post-merger project portfolios

Cihan E. E., Uslu Ç., Kabak Ö.

Management Decision, cilt.61, sa.8, ss.2280-2301, 2023 (SSCI) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 61 Sayı: 8
  • Basım Tarihi: 2023
  • Doi Numarası: 10.1108/md-06-2022-0853
  • Dergi Adı: Management Decision
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, Periodicals Index Online, ABI/INFORM, Business Source Elite, Business Source Premier, INSPEC, MLA - Modern Language Association Database, Psycinfo, Public Affairs Index
  • Sayfa Sayıları: ss.2280-2301
  • Anahtar Kelimeler: Decision model, Mergers and acquisitions (M&As), Post-merger integration, Post-merger portfolio
  • Marmara Üniversitesi Adresli: Evet

Özet

Purpose: This study aims to develop a new integrated decision-making framework specifically designed to address complexity and uncertainty for project portfolio management. It particularly focuses on managing portfolios in a post-merger context. The paper portrays a normative and prescriptive approach to effectively creating a well-balanced project portfolio in a post-merger scenario. Design/methodology/approach: This study introduces hyper-project portfolio frame as a prospective methodology for evaluating post-merger portfolios. The proposed method especially addresses the challenges associated with integration following a merger. Findings: Hyper-project portfolio frame provides fundamental leaps in post-merger project portfolios. The frame gives opportunities to check consistency with policy, organizational scalability, flexibility and product diversity. It also underpins achieving the strategic objectives of mergers and acquisitions (M&As). Research limitations/implications: The literature synthesis is approached from an interpretative standpoint. The research incorporates discussions and comparative studies from the relevant literature and introduces a novel approach. Additionally, new descriptive studies can expand the proposed process-oriented decision-making. Moreover, this research does not consider hostile takeovers. Originality/value: Nested in content and process-oriented fashion, the frame provides suitable prequalification analysis for portfolios in a post-merger under the concepts of complexity, uncertainty, risk and value.