PROJECT PORTFOLIO MANAGEMENT AND PROJECT SUCCESS IN NIGERIA: A STUDY OF AQUA - RAPHA INVESTMENT NIGERIA LIMITED

Abstract
The aim of this study was to determine the effect of project portfolio management on project success, using Aqua Rapha Investment Nigeria Limited as a case study. The specific objectives of the study were to determine the effect of project portfolio management on product quality of Aqua Rapha Investment Nigeria Limited, ascertain the effect of project portfolio management on project costing in Aqua Rapha Investment Nigeria Limited and assess the effect of project portfolio management on stakeholder satisfaction with the products of Aqua Rapha Investment Nigeria Limited, The study adopted a descriptive survey method to generate primary data through the use of questionnaire among 23 distributed to and collected from the management staff and major distributors of the company. The hypotheses of the study were tested with analysis of variance using the Statistical Package for Social Sciences version 24. The result of the study revealed that project portfolio management affects the product quality and product costing in Aqua Rapha Investment Nigeria Limited positively and significantly. The result also indicated that project portfolio management has a positive and significant effect on the stakeholder satisfaction with the products of Aqua Rapha Investment Nigeria Limited. The study recommends that the organizational capability should form and govern a project portfolio management such that the portfolio not only aligns with the organization's strategic direction but also addresses risks and opportunities. It suggests that future studies on this subject-matter should endeavor to gather evidence in many more companies.