Making sense of stakeholder value in project portfolios
When organizations invest in projects, they expect to create value. This paper explores the multiplicities surrounding stakeholder value in project portfolios. A set of guiding principles and stakeholder engagement questions are presented. These are intended to support to managers in engaging with multiple stakeholders more deeply, in order to understand the various interests and expectations of different stakeholders, identify a clear purpose for the portfolio, and thereby improve the ways in which value could be identified, created and delivered through the portfolios. By integrating principles surrounding stakeholder theory, this paper suggests alternative ways in which stakeholder value can be considered and discussed in project portfolios. These considerations could serve as a prompt for organizations, to expand the ways in which value is identified, created and communicated through its projects and portfolios, beyond financial value.