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
Sustainability in projects;
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.
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