Title: Multi-criteria decision-making methods for project portfolio management: a literature review

Authors: Darius Danesh; Michael J. Ryan; Alireza Abbasi

Addresses: School of Engineering and Information Technology, University of New South Wales (UNSW), Sydney NSW 2052, Australia ' School of Engineering and Information Technology, University of New South Wales (UNSW), Sydney NSW 2052, Australia ' School of Engineering and Information Technology, University of New South Wales (UNSW), Sydney NSW 2052, Australia

Abstract: Project portfolio management (PPM) has become a key element of large organisations' service delivery due to the close attention inherently paid to numerous issues in the discipline of project management. Its success is closely associated with the degree of understanding of its issues and the quality of decisions made at the portfolio level which can be addressed using multi-criteria decision-making (MCDM) methods. Although several of these MCDM methods have been introduced to support decision-making functions as part of PPM, there has been little assessment of their performances, particularly when combining some of them. This paper identifies the key challenges of PPM, proposes a new framework for classifying PPM MCDM related methods and presents a literature review of applications of MCDM methods to PPM.

Keywords: project portfolio management; PPM; multi-criteria decision making; MCDM; MCDM classification; PPM Challenges; decision problem.

DOI: 10.1504/IJMDM.2018.088813

International Journal of Management and Decision Making, 2018 Vol.17 No.1, pp.75 - 94

Received: 07 Nov 2016
Accepted: 12 May 2017
Published online: 19 Dec 2017 *

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