Handling project dependencies in portfolio management

The Project Portfolio Management Problem

We consider the Project Portfolio Management Problem (PPMP) in which a limited resource must be allocated among a set of candidate projects over time so as to maximize expected net present value. We formulate this problem as a dynamic program but conclude that this approach is too computationally complex to be of value in supporting real-world project management. So, we investigate the structur...

Asymmetric Correlation in IT Project Portfolio Management

Project Interactions in value based IT Project Portfolio Management

Adequately considering interactions among IT projects in the process of constructing an IT project portfolio is a necessary condition in value-based IT project portfolio management (PPM). A lot of articles already deal with such interactions, but the literature lacks a common terminology and a structured perspective on the manifold types of interactions and their effects. In this article we pre...

Handling of Synergy into an Algorithm for Project Portfolio Selection

Public and private organizations continuously invest on projects. With a number of candidate projects bigger than those ones that can be funded, the organization faces the problem of selecting a portfolio of projects that maximizes the expected benefits. The selection is made on the evaluation of project groups and not on the evaluation of single projects. However, there is a factor that must b...

Investigating Determinants of Project Portfolio Management Adoption

Recently, there has been an emphasis on managing projects strategically within the organization using project portfolio management (PPM). However, the extent of adoption of this innovation and the enabling factors are not well understood in academics and practice. This research-inprogress investigates a model of PPM adoption using data being collected from project managers. The model identifies...