Information Entropy Method for Project Portfolio Selection
Project portfolio management is about making strategic choices, resource allocation. Project portfolio management has been considered as the bridge between enterprise strategic management and project management. It focuses on project selection and chooses the right projects from the many opportunities the enterprises face. There are relative popularity of various portfolio selection methods— from financial methods to strategic approaches, bubble diagrams and scoring approaches. Popular methods are investigated and compared in this research. Although conceptually appealing and perhaps the most rigorous mathematically based portfolio models see more visibility in text books and journal articles than in corporate offices. The authors provide an information entropy method for project portfolio selection. Besides combining several important methods and criteria, information entropy weights acted as weight coefficients for evaluating criteria in order to avoid uncertainty and randomicity of subjective judgments. The method proposed in this paper provides a quantificational evaluation method for enterprises to select project and project portfolio.
Project portfolio selection Project portfolio management Enterprise project management Information entropy
Zhaohong Wang YueYu
College of Physical Education and Sports Beijing Normal University Beijing, China School of Mathematical Sciences Beijing Normal University Beijing, China
国际会议
上海
英文
2678-2682
2011-07-26（万方平台首次上网日期，不代表论文的发表时间）