Unlocking the potential of project portfolio: value-oriented interactive risk management
Abstract In the complex and uncertain project environment, an in-depth exploration of portfolio project risk management (PPRM) is of paramount importance. Effective PPRM can mitigate potential adverse impacts and maximize organizational value, driving sustainable development. However, current resear...
Saved in:
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Springer Nature
2025-07-01
|
| Series: | Humanities & Social Sciences Communications |
| Online Access: | https://doi.org/10.1057/s41599-025-05296-8 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849769305753780224 |
|---|---|
| author | Libiao Bai Liwen Zhang Luyao Zhang Kexin Shao Xixi Luo |
| author_facet | Libiao Bai Liwen Zhang Luyao Zhang Kexin Shao Xixi Luo |
| author_sort | Libiao Bai |
| collection | DOAJ |
| description | Abstract In the complex and uncertain project environment, an in-depth exploration of portfolio project risk management (PPRM) is of paramount importance. Effective PPRM can mitigate potential adverse impacts and maximize organizational value, driving sustainable development. However, current research mainly focuses on project portfolio (PP) returns, lacking comprehensive metrics that include non-financial value dimensions. There are also limitations in quantitatively assessing the relationship between risk management and value creation, requiring scenario simulations to better understand their dynamic interactions and complex dependencies. This study proposes a portfolio project risk (PPRs) assessment model guided by project portfolio value (PPVs). First, it identifies all system variables, including value dimensions and risk indicators. Then, using system dynamics (SD) methodology, a comprehensive value-oriented PPRs assessment model is constructed to quantify relationships between variables and explore the complex interactions under different scenarios. Ultimately, the model’s efficacy is validated through a highway project case study, with sensitivity analysis providing strategies to reduce PPRs and increase PPVs. The findings reveal the negative impact of PPRs on PPVs and its exacerbating effects, offering a new perspective for project portfolio practices and extending the theoretical and practical boundaries of risk management and value creation. |
| format | Article |
| id | doaj-art-230c95a838d8426d9d7cd90f9979d300 |
| institution | DOAJ |
| issn | 2662-9992 |
| language | English |
| publishDate | 2025-07-01 |
| publisher | Springer Nature |
| record_format | Article |
| series | Humanities & Social Sciences Communications |
| spelling | doaj-art-230c95a838d8426d9d7cd90f9979d3002025-08-20T03:03:27ZengSpringer NatureHumanities & Social Sciences Communications2662-99922025-07-0112111510.1057/s41599-025-05296-8Unlocking the potential of project portfolio: value-oriented interactive risk managementLibiao Bai0Liwen Zhang1Luyao Zhang2Kexin Shao3Xixi Luo4Center for Green Engineering and Sustainable Development, Chang’an UniversitySchool of Economics and Management, Chang’an UniversitySchool of Economics and Management, Chang’an UniversitySchool of Economics and Management, Chang’an UniversitySchool of Economics and Management, Chang’an UniversityAbstract In the complex and uncertain project environment, an in-depth exploration of portfolio project risk management (PPRM) is of paramount importance. Effective PPRM can mitigate potential adverse impacts and maximize organizational value, driving sustainable development. However, current research mainly focuses on project portfolio (PP) returns, lacking comprehensive metrics that include non-financial value dimensions. There are also limitations in quantitatively assessing the relationship between risk management and value creation, requiring scenario simulations to better understand their dynamic interactions and complex dependencies. This study proposes a portfolio project risk (PPRs) assessment model guided by project portfolio value (PPVs). First, it identifies all system variables, including value dimensions and risk indicators. Then, using system dynamics (SD) methodology, a comprehensive value-oriented PPRs assessment model is constructed to quantify relationships between variables and explore the complex interactions under different scenarios. Ultimately, the model’s efficacy is validated through a highway project case study, with sensitivity analysis providing strategies to reduce PPRs and increase PPVs. The findings reveal the negative impact of PPRs on PPVs and its exacerbating effects, offering a new perspective for project portfolio practices and extending the theoretical and practical boundaries of risk management and value creation.https://doi.org/10.1057/s41599-025-05296-8 |
| spellingShingle | Libiao Bai Liwen Zhang Luyao Zhang Kexin Shao Xixi Luo Unlocking the potential of project portfolio: value-oriented interactive risk management Humanities & Social Sciences Communications |
| title | Unlocking the potential of project portfolio: value-oriented interactive risk management |
| title_full | Unlocking the potential of project portfolio: value-oriented interactive risk management |
| title_fullStr | Unlocking the potential of project portfolio: value-oriented interactive risk management |
| title_full_unstemmed | Unlocking the potential of project portfolio: value-oriented interactive risk management |
| title_short | Unlocking the potential of project portfolio: value-oriented interactive risk management |
| title_sort | unlocking the potential of project portfolio value oriented interactive risk management |
| url | https://doi.org/10.1057/s41599-025-05296-8 |
| work_keys_str_mv | AT libiaobai unlockingthepotentialofprojectportfoliovalueorientedinteractiveriskmanagement AT liwenzhang unlockingthepotentialofprojectportfoliovalueorientedinteractiveriskmanagement AT luyaozhang unlockingthepotentialofprojectportfoliovalueorientedinteractiveriskmanagement AT kexinshao unlockingthepotentialofprojectportfoliovalueorientedinteractiveriskmanagement AT xixiluo unlockingthepotentialofprojectportfoliovalueorientedinteractiveriskmanagement |