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A generalized decision support framework for large-scale project portfolio decisions
Decision Sciences ( IF 2.8 ) Pub Date : 2021-02-10 , DOI: 10.1111/deci.12507
Siddhartha Sampath 1, 2 , Esma S. Gel 1 , Karl G. Kempf 2 , John W. Fowler 3
Affiliation  

Project portfolio selection (PPS) is a complex problem faced by major companies whenever there are multiple funding opportunities with insufficient budget to fund them all. In this paper, we present our work on a PPS decision support tool that has become a fundamental part of the project portfolio decision process at Intel Corporation across its largest product and market divisions. The paper builds on a previous publication that outlines the decision support tool's bicriteria optimization model by providing a solution procedure that is capable of solving real-life PPS problems within time frames acceptable to decision makers, as well as providing further details on the data collection and the decision-making process. We also report on various analysis and visualization tools that have been built to allow decision makers to interact with promising solutions provided by the decision support tool. One of the contributions of the paper is to present a typology of the important dependencies between projects that needs to be considered, and provide details on how they are incorporated in the decision support tool's optimization engine. We discuss important implementation details on the decision-making process and the agents involved, and conclude by describing real-life experiences on how the framework can enable intuitive decision-making when choosing portfolios that best satisfy the organization's business goals.

中文翻译:

用于大规模项目组合决策的通用决策支持框架

项目组合选择 (PPS) 是大公司面临的一个复杂问题,每当有多个融资机会但预算不足以资助所有这些机会时。在本文中,我们介绍了我们在 PPS 决策支持工具方面的工作,该工具已成为英特尔公司最大的产品和市场部门项目组合决策过程的基本组成部分。该论文以先前的出版物为基础,该出版物通过提供能够在决策者可接受的时间范围内解决现实生活中的 PPS 问题的解决程序来概述决策支持工具的双标准优化模型,并提供有关数据收集的更多详细信息和决策过程。我们还报告了各种已构建的分析和可视化工具,这些工具允许决策者与决策支持工具提供的有前途的解决方案进行交互。本文的贡献之一是提出了需要考虑的项目之间重要依赖关系的类型学,并提供了有关如何将它们纳入决策支持工具的优化引擎的详细信息。我们讨论有关决策过程和所涉及代理的重要实施细节,并通过描述框架如何在选择最能满足组织业务目标的投资组合时实现直观决策的现实生活经验作为结论。本文的贡献之一是提出了需要考虑的项目之间重要依赖关系的类型学,并提供了有关如何将它们纳入决策支持工具的优化引擎的详细信息。我们讨论有关决策过程和所涉及代理的重要实施细节,并通过描述框架如何在选择最能满足组织业务目标的投资组合时实现直观决策的现实生活经验作为结论。本文的贡献之一是提出了需要考虑的项目之间重要依赖关系的类型学,并提供了有关如何将它们纳入决策支持工具的优化引擎的详细信息。我们讨论有关决策过程和所涉及代理的重要实施细节,并通过描述框架如何在选择最能满足组织业务目标的投资组合时实现直观决策的现实生活经验作为结论。
更新日期:2021-02-10
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