کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
275860 | 1429680 | 2014 | 15 صفحه PDF | دانلود رایگان |
• Proposed a new framework for justifying portfolio of IT investments
• Proposed dynamic programming and integer programming approaches
• Tested the framework using simulation
This paper presents a comprehensive decision-making framework for evaluating a portfolio of IT projects. A problem of IT project selection with and without project interdependencies is considered. The problem is subject to maximum project funding budget constraint. When IT project portfolio contains independent projects, a dynamic programming (DP) solution procedure is proposed to efficiently solve the portfolio of IT projects' problem. However, when IT project portfolio contains project interdependencies, a mixed integer programming (MIP) approach is needed to solve the problem optimally. Experiments and results using simulated data using Monte Carlo simulation are provided. The results indicate that a large set of project selection problems containing up to 60 projects can be solved easily using the proposed decision-making framework.
Journal: International Journal of Project Management - Volume 32, Issue 4, May 2014, Pages 625–639