Relationship Investigation of Organizational Agility Characteristics and Portfolio Management Maturity

¹ Global Project Management, Torrens University Australia, Australia
² Construction and Engineering Project Management, School of Engineering and Built Environment, Griffith University

^* Corresponding author: jantanee.d@gmail.com

Abstract

Today’s organizations operate within rapid changes in economy and market conditions. Organizational agility (OA) provides organizations with the ability to adapt rapidly to internal and external changes productively and cost-effectively. Furthermore, the adaptive ability and real-time responsiveness of organizations are generally necessitated for projects and portfolios to reach maturity. While the characteristics of OA and portfolio management maturity (PfMM) have been studied in the existing literature, the relationships between these two variables have not been fully explored. This study employs canonical correlation analysis (CCA) not only to investigate relationships among the characteristics of OA and PfMM but also to present the status quo of the studied variables from Australian perspectives. The results of the analysis are graphically presented to identify the formation of each OA characteristics at different levels of PfMM. The research data was collected from 36 respondents in public and private Australian sectors. The research findings show diverse combinations of the OA characteristics constructed at different levels of PfMM. The results also identify specific OA characteristics that highly contribute to the highest level of PfMM. This allows organizations with limited resources to precisely concentrate on the characteristics that will improve performance and achieve PfMM.