Multi objective project portfolio selection

The Project Portfolio Selection is a complex process that involves many factors and considerations since the project is proposed until the project portfolio is finally selected. Project Portfolio Management is the iterative process of assessment, selection and implementation of projects, and the mos...

Full description

Bibliographic Details
Main Authors: Kamal Baqeri, Emran Mohammadi, Mahsa Mofrad Gilani
Format: Article
Language:English
Published: Growing Science 2019-06-01
Series:Journal of Project Management
Subjects:
Online Access:http://www.growingscience.com/jpm/Vol4/jpm_2019_19.pdf
_version_ 1819204440935104512
author Kamal Baqeri
Emran Mohammadi
Mahsa Mofrad Gilani
author_facet Kamal Baqeri
Emran Mohammadi
Mahsa Mofrad Gilani
author_sort Kamal Baqeri
collection DOAJ
description The Project Portfolio Selection is a complex process that involves many factors and considerations since the project is proposed until the project portfolio is finally selected. Project Portfolio Management is the iterative process of assessment, selection and implementation of projects, and the most important part of that is to select projects for portfolio where the or-ganization is required to identify and prioritize projects with the most objective alignment to its objectives. Since the selection of a suitable projects is very important, it is necessary to develop mathematical models to lead the organization towards the final goal. To achieve this goal, these models should reflect the organization's position, goals and priorities as much as possible. In this paper, we propose a multi - objective model for selecting the project portfolio that maximizes efficiency, quality while minimizes the risk involved in project execution.
first_indexed 2024-12-23T04:35:51Z
format Article
id doaj.art-437dc098016140f4843cf77fbc24a8c6
institution Directory Open Access Journal
issn 2371-8366
2371-8374
language English
last_indexed 2024-12-23T04:35:51Z
publishDate 2019-06-01
publisher Growing Science
record_format Article
series Journal of Project Management
spelling doaj.art-437dc098016140f4843cf77fbc24a8c62022-12-21T17:59:54ZengGrowing ScienceJournal of Project Management2371-83662371-83742019-06-014424925610.5267/j.jpm.2019.6.003Multi objective project portfolio selectionKamal BaqeriEmran MohammadiMahsa Mofrad GilaniThe Project Portfolio Selection is a complex process that involves many factors and considerations since the project is proposed until the project portfolio is finally selected. Project Portfolio Management is the iterative process of assessment, selection and implementation of projects, and the most important part of that is to select projects for portfolio where the or-ganization is required to identify and prioritize projects with the most objective alignment to its objectives. Since the selection of a suitable projects is very important, it is necessary to develop mathematical models to lead the organization towards the final goal. To achieve this goal, these models should reflect the organization's position, goals and priorities as much as possible. In this paper, we propose a multi - objective model for selecting the project portfolio that maximizes efficiency, quality while minimizes the risk involved in project execution.http://www.growingscience.com/jpm/Vol4/jpm_2019_19.pdfProject PortfolioSelectionRiskCompetition
spellingShingle Kamal Baqeri
Emran Mohammadi
Mahsa Mofrad Gilani
Multi objective project portfolio selection
Journal of Project Management
Project Portfolio
Selection
Risk
Competition
title Multi objective project portfolio selection
title_full Multi objective project portfolio selection
title_fullStr Multi objective project portfolio selection
title_full_unstemmed Multi objective project portfolio selection
title_short Multi objective project portfolio selection
title_sort multi objective project portfolio selection
topic Project Portfolio
Selection
Risk
Competition
url http://www.growingscience.com/jpm/Vol4/jpm_2019_19.pdf
work_keys_str_mv AT kamalbaqeri multiobjectiveprojectportfolioselection
AT emranmohammadi multiobjectiveprojectportfolioselection
AT mahsamofradgilani multiobjectiveprojectportfolioselection