000			01685nam a22001577a 4500
999			_c523717 _d523717
008			230922b ||||| |||| 00| 0 eng d
100			_aRoberts, Patrick and Edwards, Lauren Hamilton _943965
245			_aPortfolio management: A new direction in public sector strategic management research and practice
260			_aPublic Administration Review
300			_a83(4), Jul-Aug, 2023: p.947-959
520			_aPortfolio management is widely used by large government agencies and nonprofits, but it is rarely discussed in public administration scholarship. Portfolio management tools can illuminate groups of projects that should be considered as priority investments by highlighting the relationship of risk to outcomes. This article explores historical and theoretical reasons for the neglect of portfolio management, and then proposes using portfolio management to update a classic strategic management framework to guide organizational choices in public administration. Though portfolio management ideas originated in the private sector, public sector portfolio management differs from its private sector counterpart by trading off risk with public value or mission outcomes rather than financial outcomes. Portfolio management is a tool to incorporate risk to mission in investment decisions. It holds promise for adding an intermediate-level implementation tool to develop theories of public value. The paper concludes with hypotheses for future investigation. – Reproduced
650			_aPublic sector strategic management , BUSINESS & ECONOMICS Government & Business _943966
773			_aPublic Administration Review
906			_aGOVERNMENT AND BUSINESS
942			_cAR