Hyper-project portfolio management: post-merger project portfolios

PurposeThis 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...

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Bibliographic Details
Published in:Management decision 2023-07, Vol.61 (8), p.2280-2301
Main Authors: Cihan, Ercan Emin, Uslu, Cigdem Alabas, Kabak, Özgür
Format: Article
Language:English
Subjects:
Acquisitions & mergers
Decision making
Management decisions
Pharmaceutical industry
Portfolio management
Stockholders
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Description
Summary:PurposeThis 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/approachThis 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.FindingsHyper-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/implicationsThe 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/valueNested 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.
ISSN:0025-1747
1758-6070
DOI:10.1108/MD-06-2022-0853