scholarly journals A Method for Risk Response Planning in Project Portfolio Management

2019 ◽  
Vol 51 (1) ◽  
pp. 77-95 ◽  
Author(s):  
Amir Ahmadi-Javid ◽  
Seyed Hamed Fateminia ◽  
Hans Georg Gemünden
Keyword(s):  
Risk Management ◽  
Portfolio Management ◽  
A Priori ◽  
Mathematical Optimization ◽  
Project Portfolio ◽  
Portfolio Risk ◽  
Key Factors ◽  
Project Portfolio Management ◽  
Response Planning ◽  
Risk Event

To improve the effectiveness of project portfolio risk management, a portfolio-wide approach is required. Implementing a proactive strategy, this article presents a method based on mathematical optimization to select an appropriate set of a priori local and global responses to address risks that threaten a project portfolio considering key factors, such as cost, budget, project preference weights, risk-event probabilities, interdependencies among work packages, and both occurrence and impact dependencies among risk events. As the proposed method has new features compared to the existing methods developed for a single project, it can also be used in project risk management.

Applied-Information Technology in Project Portfolio Risk Management System Based on Hall's Three-Dimensional Structure

2014 ◽  
Vol 1046 ◽  
pp. 538-544
Author(s):  
Yun Na Wu ◽  
Chao Liu ◽  
Hu Xu
Keyword(s):  
Information Technology ◽  
Portfolio Management ◽  
Three Dimensional ◽  
Dimensional Structure ◽  
Dimensional System ◽  
Project Portfolio ◽  
Portfolio Risk ◽  
Project Portfolio Management ◽  
Risk Regulation ◽  
Technology Application

Project portfolio management involves multiple projects, of which risk regulation is different from the risk regulation of single projects especially in information technology application. In addition to considering each project's own risk, it must consider risk of project portfolio from a broader perspective. Issues of risk regulation are more complex, therefore its risk regulation requires new management approaches. This paper draws on Hall's three-dimensional management structure, respectively, from the four aspects: project portfolio management process, project portfolio risk regulation process, project portfolio risk regulation approach and project portfolio risk regulation organization, to establish a project portfolio risk regulation four-dimensional system (tlkc system) by applied-information technology. It provides a theoretical guidance for current risk regulation of project portfolio management, contributes project-oriented enterprises to establish suitable project portfolio risk regulation measures with their own circumstances, which is a necessary complement for project portfolio theory.

scholarly journals A Project Portfolio Management model adapted to non-profit organizations

2016 ◽  
Vol 3 ◽  
pp. 5120 ◽  
Author(s):  
Fabrício Martins Lacerda ◽  
Cristina Dai Prá Martens ◽  
Henrique M R De Freitas
Keyword(s):  
Project Management ◽  
Strategic Planning ◽  
Portfolio Management ◽  
Management Model ◽  
Project Portfolio ◽  
Natural Consequence ◽  
Project Portfolio Management ◽  
Planning Techniques ◽  
Non Profit ◽  
Non Profit Organizations

As they strive towards greater professionalism in carrying out their activities, non-profit organizations (NPOs) have begun paying attention to project management. The non-profit sector (NPS) has also begun to adopt strategic planning techniques, thus making the acceptance of project portfolio management (PPM) methodology a natural consequence. This article aims to propose a project portfolio management model adapted to the context of NPOs.

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