Building and Practice of Multi-Project Portfolio Management System for Aviation Enterprises

A Multi-project Portfolio Management System was established for aviation enterprises based on the best practice theories of Integrated Product Development, Portfolio Management and Stages-Gate. The suitability for aviation enterprises of this system involves two features: aviation enterprises organizational structure and business process of project management. Both single and multiple project management functions are involved in this system, which provides the environment of top-level planning and process management, also makes it realize coordination and dynamic control of activities during the process of product development. Meanwhile, resources balance, schedule control, stage audit and quality control for different projects and different project stages are achieved. Application shows that this system can improve the process and management ability of aviation complex products development effectively.

I. Introduction

Product innovation has become an important means of competitive advantage for enterprises due to market globalization, for which the consensus of new product development has been reached-aimed by efficiency of product development enhanced, time to market accelerated, product quality and service improved as well as cost reduced.