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...
Main Authors: | , , |
---|---|
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 |