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2013 | 11 | 49-63

Article title

Interactive Approach to Project Portfolio Selection

Content

Title variants

Languages of publication

EN

Abstracts

EN
The article offers information on the interactive approach for project portfolio management. It informs that improper selection of projects and their improper formulation limits the growth potential of the organization and undermines its competitive advantage. It discusses topics including consideration of multiple goals during portfolio selection, the methodology for choosing right project, and analytical hierarchy process for prioritizing projects.

Year

Volume

11

Pages

49-63

Physical description

Contributors

References

  • Ahari S.G., Ghaffari-Nasab N., Makui A., Ghodsypour S.H. (2011): A Portfolio Selection Using Fuzzy Analytic Hierarchy Process: A Case Study of Iranian Pharmaceutical Industry. "International Journal of Industrial Engineering Computations", 2, pp. 225-236.
  • Dey P.K. (2006): Integrated Project Evaluation and Selection Using Multiple-attribute Decision-making Technique. "International Journal of Production Economics", 103, pp. 90-103.
  • Doerner K.F., Gutjahr W.J., Hartl R.F., Strauss C., Stummer C. (2006): Pareto and Colony Optimization with ILP Preprocessing in Multiobjective Project Portfolio Selection. "European Journal of Operational Research", 171, pp. 830-841.
  • Gray C.F., Larson E.W. (2008): Project Management: the Managerial Process. Mc-Graw-Hill/Irwin, New York.
  • Kearns G.S. (2004): A Multi-objective, Multi-criteria Approach for Evaluating IT Investments: Results from Two Case Studies. "Information Resources Management Journal" 17, pp. 37-62.
  • Levine H.A. (2005): Project Portfolio Management. A Practical Guide to Selecting Projects, Managing Portfolios, and Maximizing Benefits. Jossey-Bass, San Francisco.
  • Liesiö J., Mild P., Salo A. (2007): Preference Programming for Robust Portfolio Modeling and Project Selection. "European Journal of Operational Research", 181, pp. 1488-1505.
  • Liesiö J., Mild P., Salo A. (2008): Robust Portfolio Modeling with Incomplete Cost Information and Project Interdependencies. "European Journal of Operational Research", 190, pp. 679-695.
  • Lin C., Hsieh P-J. (2004): A Fuzzy Decision Support System for Strategic Portfolio Management. "Decision Support Systems", 38, pp. 383-398.
  • Lootsma F.A., Mensch T.C.A., Vos F.A. (1990): Multi-criteria Analysis and Budget Reallocation in Long-term Research Planning. "European Journal of Operational Research" 47, pp. 293-305.
  • Moselhi O., Deb B. (1993): Project Selection Considering Risk. "Construction Management and Economics" 11, pp. 45-52.
  • Nicholas J.M., Steyn H. (2008): Project Management for Business, Engineering, and Technology; Principles and Practice. Elsevier, Oxford.
  • Nowak M. (2006): INSDECM - An Interactive Procedure for Stochastic Multicriteria Decision Problems. "European Journal of Operational Research", 175, pp. 1413-1430.
  • Nowak M. (2008): Interactive Multicriteria Decision Aiding Under Risk. Methods and Applications. Publisher of the University of Economics, Katowice (in Polish).
  • Roy B. (1985): Méthodologie multicritère d'aide à la décision. Economica, Paris.
  • Twardoch A. (2011): Project Portfolio Selection Using STEM-DPR and INSDECM Methods (master thesis). University of Economics, Katowice (in Polish).
  • Wei C.C., Chang H-W. (2011): A New Approach for Selecting Portfolio of New Product Development Projects. "Expert Systems with Applications", 38, pp. 429-434.
  • Wong E.T.T., Norman G., Flanagan R. (2000): A Fuzzy Stochastic Technique for Project Selection. "Construction Management and Economics" 18, pp. 407-414.

Document Type

Publication order reference

Identifiers

ISSN
1732-1948

YADDA identifier

bwmeta1.element.desklight-04021d1a-11c0-4ba8-a993-4dd2abf0cedf
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