Robust data analysis in innovation project portfolio management

Portfolio Decision Analysis for Robust Project Selection and Resource Allocation

Organizations must take decisions on how to allocate resources to `go/nogo' projects to maximize the value of their project portfolio. Often these decisions are complicated by several value criteria, multiple resource types and exogenous uncertainties that in uence the projects' values. Especially when the number of projects is large, the e ciency of the resource allocation and the quality of t...

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...

Management in the Innovation Project

The object of this research is to identify the sources of risk in innovation projects and to determine whether they could be managed better. Due to the diversity of opinions and theories over the nature of risk, reaching an agreement about risk management is difficult. This will be a major problem if any effort is made to proactively manage ‘risk’ in naturally ‘risky’ areas such as innovation. ...

Asymmetric Correlation in IT Project Portfolio Management

How Crowdsourcing Impacts Innovation Portfolio Management

The Internet has had a profound influence on innovation practices. Crowd sourcing has tipped the innovation balance from the domination of large corporations towards smaller entities and access to these innovation sources has become an important part of innovation strategy. Customer crowd sourcing, such as MyStarbucksIdea, has opened new avenues of identifying customer needs and trends. Another...