Economic and management criteria for smart fields project selection

Multi-criteria approach to project portfolio selection considering structural hardness and correlations between projects

Project portfolio selection is very important subject of decision-makers in project-based organizations. The best assignment of resources to the most appropriate projects is necessary as financing projects with low benefit is just waste of organization's resources. However, existing project selection models pay not much attention the structure and special features of projects as a selection cri...

A stochastic model for project selection and scheduling problem

Resource limitation in zero time may cause to some profitable projects not to be selected in project selection problem, thus simultaneous project portfolio selection and scheduling problem has received significant attention. In this study, budget, investment costs and earnings are considered to be stochastic. The objectives are maximizing net present values of selected projects and minimizing v...

Strategic Management and Project Selection

More and more, the accomplishment of important tasks and goals in organizations today is being achieved through the use of projects. The phrases we hear and read about daily at our work and in conversations with our colleagues, such as “management by projects” and “project management maturity,” reflect this increasing trend in our society. The explosively rapid adoption of such a powerful tool ...

Selection Criteria for Performance Management Software

Project portfolio selection: Multi-criteria analysis and interactions between projects

In the project portfolio management, the project selection phase presents the greatest interest. In this article, we focus on this important phase by proposing a new method of projects selection consisting of several steps. We propose as a first step, a classification of projects based on the three most important criteria namely the value maximization, risk minimization and strategic alignment....