Robust portfolio modeling (RPM) [Liesiö, J., Mild, P., Salo, A., 2007. Preference programming for robust portfolio modeling and project selection. European Journal of Operational Research 181, 1488–1505] supports project portfolio selection in the presence of multiple evaluation criteria and incomplete information. In this paper, we extend RPM to account for project interdependencies, incomplet...

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....

The process of project portfolio selection is crucial in many organizations, especially R&D organizations. There a need to make informed decisions on the investment various projects or lack thereof. As may continue over more than 1 year, and as there are connections between projects, not only decide which invest but also when invest. Since future benefits from be depreciated comparison with...

Project portfolio selection is a crucial decision in many organizations, which must make informed decisions on investment, where the appropriate distribution of investment is complex, due to varying levels of risk, resource requirements, and interaction among the proposed projects. In this paper, we discuss the implementation of an organized framework for Ž . project portfolio selection through...

Management of intellectual capital is an important issue in knowledge intensive organizations. Part of this is the composition of the optimal project portfolio the organization will carry out in the future. Standard methods that guide this process mostly focus on project selection on the basis of expected returns. However, in many cases other strategic factors should be considered in their inte...

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...

Selecting a sustainable cross-country natural gas pipeline project portfolio plays vital role in enhancing energy security and national self-reliance. The interdependencies between projects augment the complexity of selection. Hence, selection must be done with strategic alignment adjustment ongoing to determine most suitable portfolio. This is while they have barely been addressed simultaneous...

Selection of a project portfolio with limited resources is an important decision in both public and industrial organizations. Often these decisions are complicated by a high number of project proposals, considerations of multiple criteria and resources, project interactions, uncertain project outcomes and incomplete information about decision maker's (DM's) preferences. Moreover, opportunity co...