Impact Of Organizational Culture On Project Portfolio Management

The paper considers an up-to-date issue in project management, namely the impact of organizational culture on the project portfolio management (PPM) effectiveness in contemporary project-oriented organizations. PPM has expanded in the practices of modern project management, however, the role of organizational culture has not been comprehensively explored especially in the transition economies of South Eastern Europe. It is known that PPM success is effectively aligned with the organizational strategy, so the paper provides a short review of the theoretical grounds in respect of the relation between organizational culture and PPM. It is expected that the organizational culture of project-oriented organizations plays a key role for the effectiveness of PPM. The paper also presents a selection of results from a questionnaire survey of PPM practices in over 180 Bulgarian project-oriented organizations where several aspects of PPM effectiveness have been explored in relation with particular dimensions of the organizational culture. Conclusion are derived regarding the establishment of specific organizational culture that is supportive for PPM and its core functions.