Strategic framework for sustainable project portfolio selection and evaluation. (1st January 2013)

• Record Type: Journal Article
• Authors: Khalili-Damghani, Kaveh; Sadi-Nezhad, Soheil
• Is Part Of: International journal of sustainable strategic management. Volume 4:Number 1(2013)
• Page Start: 66
• Page End: 82
• Publication Date: 2013-01-01
• Subjects: project selection problem -- PSP -- strategic planning -- portfolio selection -- sustainability criteria -- financial/non-financial analysis -- balance score card -- BSC; Organizational effectiveness -- Periodicals; Organizational effectiveness -- Strategic planning -- Periodicals; Organizational change -- Strategic planning -- Periodicals; Organization -- Sustainable development -- Periodicals; 658.401205
• Languages: English
• ISSNs: 1753-3600

Abstract

Project selection problem (PSP) is a general paradigm. Although the economic analysis is the most common used criteria, it is not sufficient. In this paper, five main research themes are introduced for PSP. Then, a comprehensive framework is proposed for project portfolio selection and evaluation. The proposed framework has two phases. First phase mainly talks about planning and selection through sustainable strategic planning and comprehensive portfolio management. In the second phase a balance score card (BSC) approach is supplied to assess and evaluate the results of planning and selection phase. The proposed procedure supplies a comprehensive framework for PSP. The implementation of the final set of selected projects is assessed through BSC.