Proposal and Solution of a Mixed-Integer Nonlinear Optimization Model That Incorporates Future Preparedness for Project Portfolio Selection

Albano, Taise C. L.; Baptista, Edméa Cássia; Armellini, Fabiano; Jugend, Daniel; Soler, Edilaine Martins

doi:10.1109/tem.2019.2920331

Cited by 17 publications

(3 citation statements)

References 64 publications

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“…In project management, the existing data are often limited and vague, for example the selection of multi-criteria projects that requires addressing often conflicting factors in a vague way (Mohagheghi et al, 2019). In the context of project management, the attention given to portfolio management has increased in recent years and seeks to integrate the demands of different departments and their different objectives (Albano et al, 2021). A method for holistic project management might include presenting a graphical interface for a user to enter project information and feed a project portfolio (Tim et al, 2006).…”

Section: Analysis and Resultsmentioning

confidence: 99%

What are the established expectations for the artifacts addressed in project portfolio management?

Teixeira

Pedron

2023

GeP

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The objective of this research was to evaluate elements present in 75 academic articles and 308 patents to propose a research agenda considering the following question: What is expected from new artifacts aimed at Project Portfolio Management? As a method, we decided to carry out an Systematic Review of Literature and Patents and as results we identified artifacts such as models, methods and software distributed in two dimensions: (1) Plurality, built for specific situations and problems, present in the literature and not tested in the field, which demonstrate the path taken so far; (2) Prospecting, care that directs mapped needs to the development of new studies with greater practical application. As a guiding proposal, we propose the following factors Dynamic Portfolio, Simplification, Integrative Approach, and Integrated Tools to support future studies when there is a need to develop new studies focused on Project Portfolio Management.

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Section: Analysis and Resultsmentioning

confidence: 99%

What are the established expectations for the artifacts addressed in project portfolio management?

Teixeira

Pedron

2023

GeP

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“…With regard to capturing the strategic value from project portfolio management, it is cited the mixedinteger nonlinear optimization model for project portfolio selection considering the value maximization as a key measure in portfolio optimization besides strategic alignment, balance, and future preparedness [10]. Value analysis is perceived as an effective strategic assessment method that increase the IS/IT project success rate [11].…”

Section: Literature Reviewmentioning

confidence: 99%

A New Strategic Value for Money Methodology for IS/IT Project Portfolio under Variability

2023

IJIES

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Information system (IS) and information technology (IT) Portfolio value management enables to measure the intended IS/IT project portfolio value, in pursuit of strategic objectives. Yet, the captured IS/IT project portfolio value should be articulated in the different IS/IT project portfolio segments in order to measure each category value contribution. Moreover, it should consider the strategic objectives variability throughout the portfolio lifespan. Therefore, this study proposes a novel methodology for the strategic portfolio value (𝑆𝑃𝑉) calculation, using the rank order distribution (ROD) weights model for strategic objectives variability modelling, and the value for money (VfM) technique of the management of portfolios (MoP TM ) guidance based on expert judgments. Besides, this study provides a new IS/IT project portfolio categorization. An IS/IT project management office (PMO) case study demonstrates the outcome of the new methodology, which is the calculated 𝑆𝑃𝑉 of 0.68, and how it aids, decision-making and performance management, identify under uncertainty the most strategically valuable IS/IT Project Portfolio categories.

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“…They have proposed a mathematical model with fuzzy parameters for both selection and planning project portfolios. Albano et al (2019) proposed a mixed-integer nonlinear optimization model to incorporate four important factors including, alignment of the strategy, balancing the portfolios, maximization of the value, and future preparedness. They employed two real-world cases from Brazil and Canada to check the reliability of the model.…”

Section: Literature Reviewmentioning

confidence: 99%

A novel project portfolio selection framework towards organizational resilience: Robust Ordinal Priority Approach

Mahmoudi

Abbasi

Deng

2022

Expert Systems with Applications

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Proposal and Solution of a Mixed-Integer Nonlinear Optimization Model That Incorporates Future Preparedness for Project Portfolio Selection

Cited by 17 publications

References 64 publications

What are the established expectations for the artifacts addressed in project portfolio management?

What are the established expectations for the artifacts addressed in project portfolio management?

A New Strategic Value for Money Methodology for IS/IT Project Portfolio under Variability

A novel project portfolio selection framework towards organizational resilience: Robust Ordinal Priority Approach

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