Title: Strategic framework for sustainable project portfolio selection and evaluation

Authors: Kaveh Khalili-Damghani; Soheil Sadi-Nezhad

Addresses: Department of Industrial Engineering, South-Tehran Branch, Islamic Azad University, Kafaiee-Amani Ave., Mazandaran St., Emam-Hossein Sq., Tehran, Iran ' Department of Industrial Engineering, Science and Research Branch, Faculty of Engineering, Islamic Azad University Tehran, Hesarak, Poonak, Tehran, 1477893855, Iran

Abstract: Project selection problem (PSP) is a general paradigm. Although the economic analysis is the most common used criteria, it is not sufficient. In this paper, five main research themes are introduced for PSP. Then, a comprehensive framework is proposed for project portfolio selection and evaluation. The proposed framework has two phases. First phase mainly talks about planning and selection through sustainable strategic planning and comprehensive portfolio management. In the second phase a balance score card (BSC) approach is supplied to assess and evaluate the results of planning and selection phase. The proposed procedure supplies a comprehensive framework for PSP. The implementation of the final set of selected projects is assessed through BSC.

Keywords: project selection; strategic planning; portfolio selection; sustainability criteria; financial analysis; non-financial analysis; balanced scorecard; BSC; portfolio management; evaluation.

DOI: 10.1504/IJSSM.2013.056391

International Journal of Sustainable Strategic Management, 2013 Vol.4 No.1, pp.66 - 82

Published online: 13 Sep 2013 *

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