DEVELOPING PROJECT PORTFOLIO MANAGEMENT MODEL FOR INNOVATION PROJECTS USING GROUNDED THEORY: A CASE OF IRAN'S POWER INDUSTRY.

The aim of this paper is discover the causal relationship of IPPM performance. This paper shows that performance of IPPM consist of an integrated elements of strategic alignment, portfolio balance, resource fit and value maximization. Qualitative research design was chosen for this study and through using semi-structured and in-depth interviews with 24 experts in five Iranian organizations producing equipment of the power industry. According to the findings from these qualitative data, effective IPPM is the result of three areas of capabilities: IPPM Process, IPPM structure, IPPM people. These causal relationships are moderated by project context. Finally, we develop a set of propositions regarding the key performance drivers of IPPM. [ABSTRACT FROM AUTHOR]