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Current business uncertainties in dynamic environment drive the banking industries to keep on in shape of competitive in the market. The organizations are forced to formulate and implement their strategic initiatives in a form of projects. Some of the project initiatives require prioritization, and we manage them by utilizing their unique resources capabilities in a form of project portfolio management (PPM) capability to deliver the outcome of it as a business performance by the organizations. Previous studies have found that moderating project management office (PMO) practices positively impact the project performances; hence, they should be affecting the final objective which is the business performance. This paper proposes a conceptual integrated research model of PPM capability, as realization of dynamic capability influences business performance perceived by the organization through an application of project management office practices in the organization

Project Portfolio Management Capabilities of Strategic Initiatives and PMO Practices In Strategy Implementation: A Perspective of Dynamic Capability in Banking Industries in Indonesia