Strategy implementation: The relationship between integrated project management, knowledge management and strategic project portfolio performance

The problem. The purpose of this study was to investigate strategy implementation and the relationship between integrated project management, knowledge management and strategic project portfolio performance.;Method. A survey was administered to companies in the aerospace and defense industries. There were 130 responses that were analyzed using regression and structural equation modeling for the purpose of defining relationships between the dependent variable strategic project portfolio performance and the independent variables project management, knowledge management, planned emergence and upper management leadership. Also the moderating effects of strategy and structure along with project management and knowledge management as they relate to strategic project portfolio performance.;Results. The results indicate that project management and knowledge management have a positive effect on strategic project portfolio performance. Strategy is emergent and requires modification as better information becomes available. The type of strategy and the structure of the organization were found to be not as important when measured with respect to performance. Additionally, leadership was found to be necessary whether or not the firm was successful in completing its strategic projects.