Project portfolio selection based on synergy degree of composite system

Project portfolio selection based on synergy degree of composite system A synergistic perspective to selecting the right project portfolio is the key to realizing strategic organizational objectives. Based on the theory of the composite system, this paper identifies the factors that affect the science of project portfolio selection (PPS) and investigates the synergistic relationship among the organizational strategic objective subsystem, the project portfolio subsystem and the environment subsystem, which collectively constitute the composite system of project portfolio selection. Utilizing the concept of order parameters, an order parameter system is built for each subsystem to reflect the synergistic relationships in the composite system of PPS. The PPS model is constructed based on the degree of synergy in the composite system by describing the order degree of the subsystem and the synergy degree of the composite system, which helps to quantify the synergistic relationships among these subsystems. The effectiveness and feasibility of the proposed model are demonstrated and validated by a case study. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Soft Computing Springer Journals

Project portfolio selection based on synergy degree of composite system

Bai, LiBiao; Chen, Hongliang; Gao, Qi; Luo, Wei
Soft Computing, Volume 22 (16) – Jun 4, 2018
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Publisher
Springer Journals
Copyright
Copyright © 2018 by Springer-Verlag GmbH Germany, part of Springer Nature
Subject
Engineering; Computational Intelligence; Artificial Intelligence (incl. Robotics); Mathematical Logic and Foundations; Control, Robotics, Mechatronics
ISSN
1432-7643
eISSN
1433-7479
DOI
10.1007/s00500-018-3277-8
Publisher site
See Article on Publisher Site

Abstract

A synergistic perspective to selecting the right project portfolio is the key to realizing strategic organizational objectives. Based on the theory of the composite system, this paper identifies the factors that affect the science of project portfolio selection (PPS) and investigates the synergistic relationship among the organizational strategic objective subsystem, the project portfolio subsystem and the environment subsystem, which collectively constitute the composite system of project portfolio selection. Utilizing the concept of order parameters, an order parameter system is built for each subsystem to reflect the synergistic relationships in the composite system of PPS. The PPS model is constructed based on the degree of synergy in the composite system by describing the order degree of the subsystem and the synergy degree of the composite system, which helps to quantify the synergistic relationships among these subsystems. The effectiveness and feasibility of the proposed model are demonstrated and validated by a case study.

Journal

Soft Computing – Springer Journals

Published: Jun 4, 2018

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