Portfolio management: A new direction in public sector strategic management research and practice.
Portfolio management is widely used by large government agencies and nonprofits, but it is rarely discussed in public administration scholarship. Portfolio management tools can illuminate groups of projects that should be considered as priority investments by highlighting the relationship of risk to...
| Publicado en: | Public Administration Review Vol. 83; no. 4; pp. 947 - 960 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Jul2023
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=164587765&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 164587765 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00333352 PBA jtl: Public Administration Review issn: 00333352 maglogo: Y pubinfo: dt: Jul2023 vid: 83 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 164587765 10.1111/puar.13633 ppf: 947 ppct: 13 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 553KB tig: atl: Portfolio management: A new direction in public sector strategic management research and practice. aug: au: Roberts, Patrick Hamilton Edwards, Lauren affil: Center for Public Administration and Policy, School of Public and International Affairs, Virginia Tech, Arlington Virginia,, USA School of Public Policy, University of Maryland, Baltimore County, Baltimore Maryland,, USA su: Public administration New public management Portfolio management (Investments) Public value Strategic planning sug: subj: Public administration New public management Portfolio Management Other General Government Support Portfolio management (Investments) Public value Strategic planning ab: Portfolio management is widely used by large government agencies and nonprofits, but it is rarely discussed in public administration scholarship. Portfolio management tools can illuminate groups of projects that should be considered as priority investments by highlighting the relationship of risk to outcomes. This article explores historical and theoretical reasons for the neglect of portfolio management, and then proposes using portfolio management to update a classic strategic management framework to guide organizational choices in public administration. Though portfolio management ideas originated in the private sector, public sector portfolio management differs from its private sector counterpart by trading off risk with public value or mission outcomes rather than financial outcomes. Portfolio management is a tool to incorporate risk to mission in investment decisions. It holds promise for adding an intermediate‐level implementation tool to develop theories of public value. The paper concludes with hypotheses for future investigation. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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