Project Portfolio Management Strategies in Housing Estate Development Organizations in Nigeria’s Built Environment

Abstract

Nigeria is an African country with abundant natural and human resources with an aspiration to be among the top 20 economies in world by the year 2020. Such objective can only be achieved through requisite infrastructural development projects within the Nigeria’s built environment such as road, power plants and adequate housing estate development projects etc. However, Nigeria’s housing estate developments were insufficient in terms of demands; do not reflect the desired housing needs of the end-users; in some-cases affordable but not qualitative; do not possess green building features. These has led to challenges and questions about project portfolio management (PPM) strategies that align and fit portfolios with the organizational objectives while also delivering estate development projects that are less risky and marketable. The aim of this research paper is to assess the PPM strategies used by housing estate development organizations in Nigeria’s built environment with a view of identifying, examining, and highlighting the impact of these strategies on housing estate development project portfolios in Nigeria. Literature reviewed led to identification and assessment of five PPM strategies. Krejcie and Morgan table was used to determine the sample size, while Cronbach’s alpha, mean item scores, relative importance index, T-test statistics were used for data analyses. The results show that any chosen PPM strategy(ies) by Housing Estate Development organizations will not be easy to apply, use, implement nor will it be excellent in the strive to achieve the Organizational Objectives in any given Portfolio.