Using robust portfolio modeling to selecting of New Product Development projects

Author

Feyz, A. ; Iranmanesh, H.

Author_Institution

Univ. of Tehran, Tehran

fYear

2007

fDate

2-4 Dec. 2007

Firstpage

979

Lastpage

983

Abstract

One of the challenges in project portfolio management is lack of perfect information for project evaluation. On the other hand, in order to decide witch project portfolio to be selected, only the results of a mathematical model can not be relied. One of the methods witch puts the imperfect information in the model and considers the possibility of modeling the preference of decision makers through interactive operation is robust portfolio modeling (RPM). This paper tries to analyze the experiments of implementation of RPM in a software engineering company and after some recommendations for better implementation of new product development (NPD) projects.

Keywords

DP industry; decision making; product development; project management; software engineering; new product development projects; project evaluation; project portfolio management; robust portfolio modeling; software engineering company; Educational institutions; Engineering management; Equations; Mathematical model; Portfolios; Product development; Project management; Research and development management; Robustness; Software engineering; New Product Development; Portfolio; Preference; Robust Portfolio Management;

fLanguage

English

Publisher

ieee

Conference_Titel

Industrial Engineering and Engineering Management, 2007 IEEE International Conference on

Conference_Location

Singapore

Print_ISBN

978-1-4244-1529-8

Electronic_ISBN

978-1-4244-1529-8

Type

conf

DOI

10.1109/IEEM.2007.4419338

Filename

4419338