Pattern Designing of Portfolio Management of Hydro Projects with Implementation of Multi-Criteria Models
Journal Title: Scholars Journal of Engineering and Technology - Year 2016, Vol 4, Issue 7
Abstract
Portfolio is a collection of projects, plans or activities which are managed integrally to facilitate the efficient management of works in order to reach the strategic goals. Portfolio management is one of the most important challenges of organizations and firms which manage several projects. Professional and scientific implementation of the principles of this kind of management is among essential methods to enhance management efficacy in enterprises that administer several projects. In many countries the techniques of portfolio management of projects are used to efficiently manage the projects of an organization. In this portfolio all projects should be seen and analyzed together and to reach the maximum profit should allocate the resources and compare them. Portfolio management is centralized management of several projects which includes identification, prioritization, authority, management and control of projects, plans and other relevant affairs to reach the strategic goals. Management range of portfolio is long beyond of investment on development projects or plans since there is a continuous balance and mutual relationship between the projects and the constitutive plans of a portfolio. Portfolio management has a closer relationship with public management and other criteria of management than the project and plan management and is the most strategic one among these three domains.Portfolio management is a holistic approach because of its direct and indirect value on the projects and on hand sources. In fact the portfolio management of projects is a dynamic decision making process which appraises, prioritizes, inactivates or accepts (kill/go) new projects and eventually reallocates the sources.
Authors and Affiliations
Abdol Hamid Yousefi
Keywords
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