Managing uncertainty in innovation project portfolios: tasks of managers and steering committees

Miia Martinsuo, Siiri Tuominen

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

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Abstract

Innovation project portfolios as organizations’ strategic investments face uncertainties both within the organization and in the business context. Management of such uncertainties is distributed in the organizations and requires cooperation, but it may be challenging to coordinate in and across the complex portfolios. This study increases knowledge of the social aspects of innovation project portfolio uncertainty management, when its responsibilities are divided across managerial levels and steering committees. Experiences in two highly innovative case firms reveals firm-specific emphases in the attention to uncertainties, potentially stemming from industry dynamics. Complex mechanisms are used for filtering uncertainty information from individual actors’ sensing and seizing activities to steering committees’ decision-making processes, across the levels of projects, programs, portfolios, and strategic management.
Original languageEnglish
Title of host publicationProceedings of the XXXII ISPIM Innovation Conference
Subtitle of host publicationInnovating Our Common Future
EditorsIain Bitran, Steffen Conn, Chris Gernreich, Eelko Huizingh, Marko Torkkeli, Jialei Yang
PublisherLappeenrannan teknillinen yliopisto
Number of pages14
ISBN (Electronic)978-952-335-467-8
Publication statusPublished - 2021
Publication typeA4 Article in conference proceedings
EventISPIM Innovation Conference - Virtual Event, Berlin, Germany
Duration: 20 Jun 202123 Jun 2021
https://www.ispim-innovation.com/events

Publication series

NameLUT Scientific and Expertise Publications : Tutkimusraportit
ISSN (Print)2243-3376

Conference

ConferenceISPIM Innovation Conference
Country/TerritoryGermany
CityBerlin
Period20/06/2123/06/21
Internet address

Publication forum classification

  • Publication forum level 0

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