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Please use this identifier to cite or link to this item: http://hdl.handle.net/11375/5415
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dc.contributor.authorArcher, Norman P.en_US
dc.contributor.authorGhasemzadeh, Fereidounen_US
dc.contributor.authorMcMaster University, Michael G. DeGroote School of Business, Innovation Research Centreen_US
dc.date.accessioned2014-06-17T20:50:27Z-
dc.date.available2014-06-17T20:50:27Z-
dc.date.created2013-12-23en_US
dc.date.issued1996-02en_US
dc.identifier.othermint/60en_US
dc.identifier.other1059en_US
dc.identifier.other4943643en_US
dc.identifier.urihttp://hdl.handle.net/11375/5415-
dc.description<p>49, [4] leaves : ; Includes bibliographical references (leaves 36-40). ; "February, 1996".</p> <p>This work was funded by a research grant from the Innovati on Research Ce ntre, Michael G. DeGroote School of Business, McMaster University.</p>en_US
dc.description.abstract<p>Project por tf olio selection is an important issue for many firms. Tools for project portfolio selection and management are a widely recognized need in researc � development, production, and marketing activi ties for manufacturing firms and in other sectors such as engineering, construction, and software development . They are also used in the public sector, in government, health care, and the military. Such a diversity of applications has generated many diff ering metho ds for portfolio selection. The ob jec tive of this paper is to review a sample of these metho ds and to suggest an approach which builds on the strengths of existing methods to devel op an integrated strategy that can be used to support managers in making critical decisions concerning proj ect port fo lio selec tion. The strate gy allows flexibility in the selection of the metho ds to suit the culture and environment of the particular organizati on. It is a three stage approach which includes in the first or Pre-Process stage, before proj ect con siderati ons begin, the choice of models and model structures suitab le to the organizational environment. A second component of the first stage is Pre-Screening to eliminate clearly inf easible pro jects and reduce task complexity. The second or Process stage includes In d ivid ual Project Eval uation calcula tions, Scre ening to eliminate projects which do not meet certain specified criteria, and finally integrated cons iderations of the remaining pro jects in Portf olio Sel ection. The final or P ost -Process stage provides portfolio balancing or ad justment under the direct control of the decision makers, using sensitivity analysis with possible iterati ons back to the portfolio selection process.</p>en_US
dc.relation.ispartofseriesWorking paper (Michael G. DeGroote School of Business. Innovation Research Centre)en_US
dc.relation.ispartofseriesno. 46en_US
dc.subjectBusinessen_US
dc.subjectTechnology and Innovationen_US
dc.subjectBusinessen_US
dc.subject.lccProject management > Decision making Decision support systemsen_US
dc.titleProject portfolio selection techniques: a review and a suggested integrated approachen_US
dc.typearticleen_US
Appears in Collections:MINT (Management of Innovation and New Technology) Research Centre Working Paper Series

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