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Revista de Ciencias Sociales y Humanidades

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An Empirical Investigation of Moderating Effects and Performance Consequences in Project

Portfolio Business Case Control
Una investigación empírica de los efectos moderadores y las consecuencias de rendimiento en el control de casos
de negocio de la cartera de proyectos

Rizkan Zulyadi
Universitas Medan Area, Medan - Indonesia
rizkan@staff.uma.ac.id
M. Citra Ramadhan
Universitas Medan Area, Medan - Indonesia
Phong Thanh Nguyen1
Ho Chi Minh City Open University - Vietnam
phong.nt@ou.edu.vn
E. Laxmi Lydia
Vignan’s Institute of Information Technology - India
elaxmi2002@yahoo.com
K. Shankar
Alagappa University, Karaikudi - Indonesia
shankarcrypto@gmail.com
ABSTRACT
Professionals place solid accentuation on business cases with the desire that utilizing business cases to advise and drive venture
choices will help with making an incentive from those speculations. The main objective of project portfolio management is
increasing the value generated by project investments, to the assessment of the worth made in each undertaking the business
case gives the fundamental method of reasoning. There is a little direction for portfolio supervisors on when and how to
control the business cases, although investigate with respect to the utilization of business cases at a task portfolio level is rare.
Keywords: portfolio management, business case, investment.
RESUMEN
Los profesionales colocan una sólida acentuación en los casos de negocios con el deseo de que el uso de casos de negocios
para asesorar e impulsar las elecciones de riesgo ayudará a incentivar esas especulaciones. El objetivo principal de la gestión
de la cartera de proyectos es aumentar el valor generado por las inversiones del proyecto, a la evaluación del valor realizado en
cada empresa, el caso de negocio proporciona el método fundamental de razonamiento. Los supervisores de cartera tienen
una pequeña orientación sobre cuándo y cómo controlar los casos de negocios, aunque es raro investigar con respecto a la
utilización de casos de negocios a nivel de cartera de tareas.
Palabras clave: gestión de cartera, caso de negocio, inversión.
RESUMO
Os profissionais colocam acentuação sólida nos casos de negócios com o desejo de que a utilização de casos de negócios
para aconselhar e orientar as escolhas de empreendimentos ajudará a incentivar essas especulações. O principal objetivo
do gerenciamento de portfólio de projetos é aumentar o valor gerado pelos investimentos em projetos, para avaliar o valor
obtido em cada empresa que o business case fornece o método fundamental de raciocínio. Há pouca orientação para os
supervisores de portfólio sobre quando e como controlar os casos de negócios, embora seja raro investigar a utilização de
casos de negócios no nível do portfólio de tarefas.
Palavras-chave: gerenciamento de portfólio, business case, investimento.

1 Corresponding author. Department of Project Management, Ho Chi Minh City Open University, Vietnam.

Recibido: 24/07/2019 Aceptado: 16/09/2019

RELIGACIÓN. REVISTA DE CIENCIAS SOCIALES Y HUMANIDADES

Vol 4 • Nº 19 • Quito • Trimestral • Septiembre 2019
6 pp. 475 - 480 • ISSN 2477-9083
An Empirical Investigation of Moderating Effects and Performance Consequences in Project Portfolio Business Case Control

I. INTRODUCTION
With the desire that the utilization of business cases to illuminate and drive speculation choices will create better
outcomes. Specialist and expert association writing places solid accentuation on business cases (Lo et al., 2019).
Between the utilization of business cases and portfolio or project achievement it is explore the relationship through
minimal scholarly research (Kock & Gemünden, 2019). For relating control components and projects at the
undertaking portfolio level that explore the utilization of business cases specifically there are no research (Wei et al.,
2019). If the advantages and purpose of the exercises are not clear the systems of a portfolio the board procedure
can turn into a routine “form-filling”, suggested by some studies. The subsequent data won’t be reasonable for basic
leadership when business case layouts must be finished (Borjy, 2019).
II. PROJECT PORTFOLIO MANAGEMENT
The project Portfolio Management is known as the ideal arrangement of undertaking focused activities that give
most extreme speculation return and business esteem that uses the constant procedure of overseeing and choosing
(Buch & Damle, 2019). The Project Portfolio Management is working as dynamic decision-making process with
the maximum use of resources for getting the best results with the most extreme utilization of assets center around
the tasks that accomplish the business goal and objectives (Ligetvári, 2019). For IT project it can build the portfolio
in which it can manage the risk and enhance the return and value, and in which investment and fall can estimate
(Maseleno et al., 2016; Maseleno et al., 2017).

Figure 1: Project portfolio management

III. BUSINESS CASE
For undertaking a program or project business case provide justification (Brasil & Eggers, 2019). For the preferred
solution it provides risk of alternative options and calculates cost and benefits (Li et al., 2019).
To judge that whether the information is required in the program or it can achievable at all times the business case
provide the optimum mix of data (Çağlar & Gürel, 2019).

RELIGACION. VOL 4 Nº 19, Septiembre 2019, pp. 475-480

Figure 2: Diagram of business case farmework

Some factor of business is as follows:

1. It need to continously update with costs, risks, timelines and benefits and throughout the program it need
to be maintained.
2. The program is viable at every phase is confirm through business case.
3. To the sponsoring organization the buisness case should efficuenty describe the program’s value.

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Sur-Sur

4. The document of business case cannot be static because the question of viability is on going.
5. Over the project the business case identify the added cost of program and added value. It maintain the
balance of benefits, cost, timelines and risk.
6. It will provide the information on risk of achieving benefits (Maseleno et al., 2019), value of benefits,
timescale for achievement and cost of delivering the blueprint.

Figure 3: Business case factors

Commercially the term “business case” is used commonly, for the purpose of research there is no definition
(Petro et al., 2019). There is lacks of common understanding the analogous concept of business models in the
rich entrepreneurship literature (Zhong et al., 2019).
IV. PROJECT PORTFOLIO MANAGEMENT AND PROJECT PORTFOLIO SUCCESS
A portfolio is consider as the collection of projects that are managed and carried out in an organization (Zhang
et al., 2019). The project portfolio management is about “doing things right and “doing the right things”. The
rights projects are the projects that align with methodology achieve a balance and provide maximum value.
Many researches do their research and for success of project portfolio develop a more comprehensive definition.
V. BUSINESS CASE CONTROL
As a way to secure commitment and funding the business case are typically written at initiative or project level
(Linhart et al., 2019). From starting to end a formal and well structured document of business case can show
the whole process.

Figure 4: Business case control conceptual model

RELIGACION. VOL 4 Nº 19, Septiembre 2019, pp. 475-480

Table 1: Business Case Control along the Project Portfolio Management

VI. FOUNDATION OF THE BUSINESS CASE
For starting a task or project convince a decision maker so it can take the action a business case captures
the reasoning (Dixit & Tiwari, 2019). For major industries and for our personal activities business case is
considered as a revolution in business. Business case has empowered for processing capabilities, increased
computing speed and storage capacity from the previous design-build-test methods design the model-analyze-
build method (Maceta & Berssaneti, 2019).

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An Empirical Investigation of Moderating Effects and Performance Consequences in Project Portfolio Business Case Control

Figure 5: functions of business case

The functions of the business case are described below:
1. Briefing of program
The program brief attempts to discover the appropriate response whether the program is practical and feasible.
On the off chance that the appropriate response is sure, the program brief is additionally gritty in the program
business case.
2. Strategy of business
The business system further distinguishes the change that must be overseen by a program.
3. Business Drivers of business
As can be found in the picture, the business drivers adequately drive the business methodology. The requirement
for change or to begin something new regularly originates from the requests from inside or outside the association,
which is reflected in the business system.
4. Program Business Case
The business case will require nonstop re-work and updates as the program advances. The business drivers may
likewise constrain an adjustment in the business case, for example an enactment that powers the program to alter
its course.
5. Mandate program
By taking contributions from the program order and the business system, the program brief is made.
VII. LINK WITH BENEFITS
Meanings of advantages develop through the program command and program brief (Oprins et al., 2019).
The noteworthy examination is finished during “characterizing a program” to build up the understanding and
capability of advantages that program can understand (Kaczorowska et al., 2019). Following are some data to talk
about the connection between business case and advantages:
1. Financial reserve funds will be relied upon to be more than the expense of undertakings to convey
the ability.
2. The thumb guideline is that
3. Benefits are naturally connected to the business case, as they are the info data that will give defense
of venture.
4. The business case ought to be refreshed with advantages that have developed or surfaced during the
program lifecycle.
5. The foreseen money related investment funds would be relied upon to surpass the expense of
RELIGACION. VOL 4 Nº 19, Septiembre 2019, pp. 475-480

undertakings to convey the ability.

6. The special cases to this standard are consistence programs. In consistence programs, benefits are
more in dodging negative outcomes as opposed to genuine constructive outcome.

Table 2: differences between program business case and project business case

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 Rizkan Zulyadi et al
Sur-Sur

Reviewing the Business Case control

For any need of realignment and for accessing the continued viability of the program at the end of each module
business case should be reviewed (Hosseini et al., 2019). For validating a business case the figure given below shows
the process of validating.

Figure 6: Review of Business case

VIII. CONCLUSION
For starting a task or project convince a decision maker so it can take the action a business case captures the
reasoning. The prediction of successful portfolio is necessary and also knows about the possible indicators that take
part in the success of event. For the success of project portfolio become easy the concept of quality management
is used .As a way to secure commitment and funding the business case are typically written at initiative or project
level. From starting to end a formal and well structured document of business case can show the whole process.
For undertaking a program or project business case provide justification. For the preferred solution it provides risk
of alternative options and calculates cost and benefits.

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