Evaluating Project Portfolio Management in Nigerian Insurance Companies in Port Harcourt, Rivers State

Project portfolio management (PPM) enables organizations to align multiple concurrent projects with strategic objectives, yet its formal adoption in Nigerian insurance companies remains unexplored. This study evaluates project portfolio management practices in insurance companies in Port Harcourt, Rivers State, South South Nigeria. A cross-sectional survey will recruit 150 project managers, portfolio managers, and senior executives from 12 insurance companies with Port Harcourt operational offices. A structured questionnaire will assess portfolio selection criteria, prioritization processes, resource allocation across projects, and portfolio performance review systems. The Organizational Project Management Maturity Model (OPM3) will frame portfolio maturity assessments. Descriptive statistics and regression analysis will identify predictors of portfolio management maturity. Existing evidence from Nigerian financial services suggests that most organizations manage projects in silos without a coordinated portfolio perspective, leading to resource conflicts and strategic misalignment. Findings will guide PPM capability development in Port Harcourt's insurance sector. Keywords: project portfolio management, insurance companies, Port Harcourt, OPM3, strategic alignment