Project Portfolios in Dynamic Environments: Organizing for Uncertainty is a comprehensive report of research that addresses this important, rising issue. Authors Yvan Petit and Brian Hobbs present the results of their investigation in a report that significantly advances the theory and also offers tips for practice. Currently, those applying project portfolio management tend to focus on the selection, prioritization, and strategic alignment of projects. Little attention is afforded the potential disturbances to project portfolios such as new projects, terminated projects, delayed projects, incorrect planning due to high uncertainty, and changes in the external environment. Yet, these factors can have highly disruptive, even show-stopping influence. This research seeks to answer: How is uncertainty affecting project portfolios managed in dynamic environments?

This research investigates the impact of uncertainty on project portfolio management in dynamic environments. An uncertainty management perspective is adopted instead of the more established practice risk management. The research is based on case studies of four portfolios in two firms. The results of this research provide practical advice for practitioners, and several suggestions to improve PMI standards.

A qualitative study performed between 2008 and 2010 identified that, in dynamic environments, a significant number of internal and external events impact project portfolios for which organizing mechanisms are put in place. It is therefore suggested in this research to investigate: How is uncertainty affecting project portfolios managed in dynamic environments? The proposed dynamic capability framework will be separated into two orders: the first-order deals directly with the uncertainty affecting the management of a given project portfolio; the second-order dynamic capabilities include corrective actions, new routines, structures, or tools to improve the performance and support of project portfolio management (PPM). Data will be collected from portfolio managers and project office managers through questionnaires to validate the findings of an exploratory research completed recently with a larger sample of project portfolios. The main goal of the research is to identify the organizing mechanisms implemented to support PPM in dynamic environments.

In "Redefining Portfolio Management for the Modern Age: Steering Strategic Success in Dynamic Environments," Angela M. Hart offers a groundbreaking approach to portfolio management in today's fast-paced world. This book equips professionals with the strategies and insights needed to navigate the complexities of modern markets, adapt to rapid change, and achieve strategic success. Hart combines real-world examples with expert analysis, providing readers with the tools to transform their portfolio management practices and secure a competitive edge in any dynamic environment.