Research of WBS-Based Project Quantitative Portfolio Decision-Making Model

2011 ◽  
Vol 467-469 ◽  
pp. 866-872
Author(s):  
Xi Ba ◽  
Jiang Shuai Li ◽  
Jia Li Wang ◽  
Yun Na Wu
Keyword(s):  
Decision Making ◽  
Portfolio Management ◽  
Programming Model ◽  
Current Model ◽  
Project Managers ◽  
Management Theory ◽  
Management Systems ◽  
Project Portfolio ◽  
Portfolio Decision ◽  
Decision Making Model

Reviewed the research status of portfolio decision-making at home and abroad; On the background of project portfolio management theory, a large number of the current model of portfolio decision-making were researched. From the perspective of project managers, Taking work breakdown structure(WBS) as the basis and combining with portfolio management systems and 0-1 programming model , expanded 0-1 programming project quantitative portfolio model was proposed. This model will provide a reference for the research of project quantitative portfolio decision-making.

scholarly journals Managing portfolio interdependencies

2017 ◽  
Vol 10 (4) ◽  
pp. 856-879 ◽  
Author(s):  
Catherine P. Killen
Keyword(s):  
Portfolio Management ◽  
Data Representation ◽  
Decision Quality ◽  
Management Decision ◽  
Decision Task ◽  
Project Portfolio ◽  
Visual Data ◽  
Content Type ◽  
Portfolio Decision ◽  
Network Mapping

Purpose The purpose of this paper is to improve decision quality, and therefore project and portfolio success, by testing the influence of different visual representations of interdependency data in a simulated decision experiment. A network mapping approach to visualize project interdependencies is introduced and compared with matrix and tabular displays. Design/methodology/approach A simulated decision task in a controlled classroom setting tested five hypotheses though a sample of 480 experiments. Findings The type of data representation used is associated with differing levels of decision quality, and the use of network mapping displays is aligned with the best results. Research limitations/implications The findings are limited as this experiment-based study presented a simplified decision scenario and involved students rather than practicing managers. The findings are best interpreted in combination with organization-based research. Practical implications The findings of this study suggest that visual data displays, particularly network mapping displays, can provide benefits and improve project portfolio decision quality. Managers may draw upon this study to design ways to include visual data representations in their project portfolio management decision processes. Originality/value This study uses experimentation to complement organization-based studies to better understand the influence of different methods of visualizing data and managing interdependencies between projects. This research provides an important contribution to meet the acknowledged need for better tools to understand and manage project interdependencies.

An integrated neural network stochastic dynamic programming model for optimizing the operation policy of Aswan High Dam

2011 ◽  
Vol 42 (1) ◽  
pp. 50-67 ◽  
Author(s):  
A. H. El-Shafie ◽  
M. S. El-Manadely
Keyword(s):  
Neural Network ◽  
Decision Making ◽  
Dynamic Programming ◽  
Decision Maker ◽  
Stochastic Dynamic Programming ◽  
Programming Model ◽  
Stochastic Dynamic ◽  
Release Policy ◽  
Aswan High Dam ◽  
Decision Making Model

Developing optimal release policies of multipurpose reservoirs is very complex, especially for reservoirs within a stochastic environment. Existing techniques are limited in their ability to represent risks associated with deciding a release policy. The risk aspect of the decisions affects the design and operation of reservoirs. A decision-making model is presented that is capable of replicating the manner in which risks associated with reservoir release decisions are perceived, interpreted and compared by a decision-maker. The model is based on Neural Network (NN) theory. This decision-making model can be used with a Stochastic Dynamic Programming (SDP) approach to produce a NN-SDP model. The resulting integrated model allows the attitudes towards risk of a decision-maker to be considered explicitly in defining the optimal release policy. Clear differences in the policies generated from the basic SDP and the NN-SDP models are observed when examining the operation of Aswan High Dam (AHD). The NN-SDP model yields policies that are more reliable and resilient and less vulnerable than those obtained using the SDP model.

scholarly journals ЛІДЕРСТВО В ЗАСТОСУВАННІ ГНУЧКИХ МЕТОДОЛОГІЙ СТВОРЕННЯ ІНФОРМАЦІЙНИХ ТЕХНОЛОГІЙ

2019 ◽  
Vol 70 (2) ◽  
pp. 1
Author(s):  
Serhii D. Bushuiev ◽  
Denys A. Bushuiev ◽  
Victoriia B. Bushuieva ◽  
Borys Yu. Kozyr
Keyword(s):  
Decision Making ◽  
Project Management ◽  
Portfolio Management ◽  
Communication Systems ◽  
International Association ◽  
Personal Communication ◽  
Project Managers ◽  
Information And Communication ◽  
Patterns Of Behavior ◽  
Behavioral Competencies

The development of project, project and portfolio management systems supports the global acceleration of innovation. Significant changes in the environment require additional research on the effectiveness of the use of existing flexible methodologies, knowledge systems, the competency of project managers and their leadership. The foundation of environmental change lies in changing the decision-making paradigm to flexible project management and innovation development programs. The article examines modern approaches to leadership formation in the application of flexible methodologies, their specificity in terms of decision-making processes in project management. The problems of formation and maintenance of leadership in application of flexible methodologies of project management of creation and introduction of information and communication systems are considered. The research was conducted on the basis of the application of a competency approach under the model of the International Association for Project Management. The patterns of behavior of flexible leaders and leaders are formed in the system of behavioral competencies in project management based on Agile technology methods and tools. These competencies were: Self-reflation and self-government, Personal integrity and reliability, Personal communication, Relationships and interaction, Leadership, Teamwork, Conflicts and crises, Inventiveness, Harmonization, and Orientation to the result. The content model of competency of the leader, which applies flexible control, is given. The patterns of behavior of project managers as flexible leaders in project product creation and flexible project management were studied. Differences in patterns of behavior of managers and flexible leaders on elements of behavioral competencies within certain key competency indicators are studied. Such patterns allowed the authors to identify bottlenecks in applying flexible project management methodologies in the context of the dynamics of the development of innovative products and information and communication systems.

scholarly journals Towards Method Component Contextualization

2013 ◽  
pp. 337-368
Author(s):  
Elena Kornyshova ◽  
Rébecca Deneckère ◽  
Bruno Claudepierre
Keyword(s):  
Decision Making ◽  
Information Systems ◽  
Case Studies ◽  
Portfolio Management ◽  
Development Projects ◽  
Project Portfolio ◽  
Method Engineering ◽  
Project Portfolio Management ◽  
Specific Context ◽  
Is Development

Method Engineering (ME) is a discipline which aims to bring effective solutions to the construction, improvement and modification of the methods used to develop Information Systems (IS). Situational Method Engineering (SME) promotes the idea of retrieving, adapting and tailoring components, rather than complete methodologies, to the specific context. Existing SME approaches use the notion of context for characterizing situations of IS development projects and for guiding the method components selection from a repository. However, in the reviewed literature, there is no proposed approach to specify the specific context of method components. This paper provides a detailed vision of context and a process for contextualizing methods in the IS domain. This proposal is illustrated with three case studies: scenario conceptualization, project portfolio management, and decision-making.

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