A support tool for selecting and scheduling project portfolios

  1. TRINIDAD GÓMEZ 1
  2. ANA F. CARAZO 2
  3. FÁTIMA PÉREZ 1
  4. JULIÁN MOLINA 1
  1. 1 Universidad de Málaga
    info

    Universidad de Málaga

    Málaga, España

    ROR https://ror.org/036b2ww28

  2. 2 Universidad Pablo de Olavide
    info

    Universidad Pablo de Olavide

    Sevilla, España

    ROR https://ror.org/02z749649

Journal:
Rect@: Revista Electrónica de Comunicaciones y Trabajos de ASEPUMA

ISSN: 1575-605X

Year of publication: 2017

Volume: 18

Issue: 2

Pages: 153-176

Type: Article

DOI: 10.24309/RECTA.2017.18.2.04 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

More publications in: Rect@: Revista Electrónica de Comunicaciones y Trabajos de ASEPUMA

Abstract

Project portfolio selection is an important issue that arises repeatedly over an organization's lifetime. The problem consists of how to plan and allocate a limited set of resources among a set of candidate projects within a given time horizon, while taking into account multiple objectives and constraints that can be different at each period of the planning horizon. This article describes a software tool with a user-friendly environment called the Project Portfolio Selection Tool (PPST), which assists decision makers (DMs) to simultaneously select and schedule efficient project portfolios. This software tool incorporates a general multiobjective model and uses a metaheuristic algorithm as a search engine. By using an interactive procedure, PPST also supports DMs in exploring the solution space to find the most suitable portfolio according to their preferences. We present an application of the software in a state university setting to illustrate the rationale underlying this environment and its usefulness.

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Funding information

This research was partially funded by the Regional Government of Andalusia (Excellence Research Project P10-TIC-06618).

Funders

  • Regional Government of Andalusia Spain
    • P10-TIC-06618

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Data source: Dialnet