Mechanisms for Developing a Portfolio of Projects Based on the Organization’s Sustainability Strategy

Oxana Klimenko – Russian Presidential Academy of National Economy and Public Administration (RANEPA), Prospect Vernadskogo, 84, bldg. 2, Moscow, 119571, Russian Federation
Svetlana Apenko – Dostoevsky Omsk State University, Prospect Mira, 55a, Omsk, 644077, Russian Federation

7th International Scientific ERAZ Conference – ERAZ 2021 – Conference Proceedings: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT,  Online/virtual, May 27, 2021

ERAZ Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ERAZ conference partners: Faculty of Economics and Business, Mediterranean University, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; AMBIS University, Prague – Czech Republic; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia

ERAZ Conference 2021 Conference Proceedings: ISBN 978-86-80194-46-2, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.2021

Abstract: A large number of organizations \choose sustainable develop­ment as their strategy. At the same time, the project format of the strategy implementation is growing, project management and strategic manage­ment are increasingly used in interconnections. However, the lack of mech­anisms for translating the sustainable development strategy into the project portfolio is a pressing issue. The purpose of our research is to study the prac­tice of translating a sustainability strategy into the projects of organizations, identify challenges and propose mechanisms for integrating a sustainabil­ity strategy in the formation of a project portfolio. The main method ap­plied for the research is the method of analyzing case studies. We studied 3 cases of three organizations on the implementation of strategic principles of sustainability in specific projects of digitalization and telecommunications. The study demonstrated the lack of clear mechanisms for translating the sustainability strategy into a portfolio of projects. The authors’ proposals, firstly, contribute to the development of the theory and methodology of project management and strategic management in their relationship; sec­ondly, they may be of interest to professionals and managers developing a sustainability strategy and forming portfolios of projects for this strategy. 

ERAZ Conference

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