International Journal on Science and Technology

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A Comprehensive Framework for Sustainable and Adaptive Project Portfolio Management in Dynamic Business Environments

Author(s) Mohammad Ayan Khan, Ashish Kumar Jain
Country India
Abstract In the face of accelerating market volatility, resource constraints, and sustainability imperatives, traditional Project Portfolio Management (PPM) frameworks are increasingly inadequate for modern business environments. Existing models predominantly emphasize financial optimization and static planning, often neglecting sustainability metrics and the need for adaptive decision-making. This paper proposes a comprehensive framework for Sustainable and Adaptive Project Portfolio Management (SAPPM) designed to address these critical gaps. The framework integrates sustainability considerations through the incorporation of Environmental, Social, and Governance (ESG) metrics into portfolio selection and evaluation processes. Additionally, it leverages artificial intelligence (AI) and machine learning to enable real-time scenario analysis, dynamic risk prediction, and continuous portfolio rebalancing in response to shifting market and operational contexts. The proposed model is structured to serve diverse sectors, including construction, energy, public administration, and non-profits, by embedding sector-specific constraints and policy sensitivities into decision-making. The framework also bridges the disconnect between ideation management and formal PPM processes, ensuring that innovative ideas are systematically evaluated and aligned with strategic objectives before resource allocation. Empirical insights from recent literature and practical case studies are used to validate the framework’s efficacy in enhancing project selection, sustainability outcomes, and organizational resilience. Future research directions are identified, including the need for cross-cultural validation, longitudinal impact studies, and the development of user-friendly decision support systems. The proposed SAPPM framework aims to equip organizations with a robust and forward-looking tool for navigating complex, dynamic, and sustainability-focused business landscapes.
Keywords Project Portfolio Management, Sustainability, Adaptive Decision-Making, Artificial Intelligence, Risk Prediction, Dynamic Environments
Published In Volume 8, Issue 2, April-June 2017
Published On 2017-06-07
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