Title :
Using robust portfolio modeling to selecting of New Product Development projects
Author :
Feyz, A. ; Iranmanesh, H.
Author_Institution :
Univ. of Tehran, Tehran
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;
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
DOI :
10.1109/IEEM.2007.4419338
