CHAPTER 5
Research Design
5.1 Methodological Challenges
Studying project portfolio decisions is challenging:
(1) Gaining access to boardroom portfolio decisions is difficult, as they are often confidential and closely guarded.
(2) Portfolio decisions do not take place at one moment in time, at one level of the organization, and in one singular location. Hence, behavior in decision situations is not easily studied.
(3) Research often aims to improve decision quality, which is difficult to measure (Dean & Sharfman, 1996). Because portfolio decisions are made under uncertainty and based on incomplete and widely distributed information, there is no definitively “best” decision. Even a post-factum analysis of a decision would not be sufficient ...
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