Authors: Martin Lerch; Patrick Spieth
Addresses: EBS Business School, Department of Innovation Management and Entrepreneurship, Rheingaustr. 1, 65375 Oestrich-Winkel, Germany. ' EBS Business School, Department of Innovation Management and Entrepreneurship, Rheingaustr. 1, 65375 Oestrich-Winkel, Germany
Abstract: Innovation Project Portfolio Management (IPPM) has gained in importance because companies need a steady stream of successful innovation projects, on the one hand, and an optimal allocation of scarce resources, on the other hand. IPPM helps organisations to allocate resources to new innovation projects and to achieve corporate objectives. Therefore, innovation project portfolios are used to maximise investments' value in innovation projects. This paper summarises the current IPPM understanding, identifies current IPPM issues and analyses IPPM's results and empirical research focus. Accordingly, we derive future challenges by identifying factors to be further assessed in research and corporate practice.
Keywords: IPPM; innovation project portfolio management; R&D projects; resource planning; portfolio performance; meta-analysis; research and development; investment value; innovation projects.
International Journal of Product Development, 2012 Vol.16 No.1, pp.77 - 94
Received: 30 Jun 2011
Accepted: 26 Jan 2012
Published online: 15 Jun 2012 *