We consider a project selection problem where each project has an uncertain return with partially characterized probability distribution. The decision maker selects a feasible subset of projects so that the risk of the portfolio return not meeting a specified target is minimized. To model and evaluate this risk, we propose and justify a general performance measure, the Underperformance Riskines...

Multicriteria Portfolio Analysis spans several methods which typically employ build on MCDA to guide the selection of a subset (i.e., portfolio) of available objects, with the aim of maximising the performance of the resulting portfolio with regard to multiple criteria, subject to the requirement that the selected portfolio does not consume of resources consumed by the portfolio does not exceed...

This paper provides a methodological framework in which the problem of IT project portfolio selection is solved by balancing between operational and strategic IT investments. From interviews with CIOs, we found that the interest in IT projects in many firms tends to center on operational benefits, rather than strategic benefits. We examined the impact of strategic IT investments from an IT port...

a common problem arising in project management is the fact that the baseline schedule is often disrupted during the project execution because of uncertain parameters. as a result, project managers are often unable to meet the deadline time of the milestones. robust project scheduling is an effective approach in case of uncertainty. upon adopting this approach, schedules are protected against po...

Human resource is a key factor for IT new product development. Considering multi-skilled employees in IT Project Portfolio Scheduling, a mixed integer nonlinear programming model with three optimization objectives is proposed from the view of project or product managers. The three objectives are to maximize the increments of skill efficiency values for all multi-skilled employees, to minimize R...