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A Portfolio Inspired Metric For Project Selection in Construction Management

Cesar Hernández ; Escuela Tecnica Superior de Ingenieros Industriales Universidad de Valladolid Paseo del Cauce s/n E-47011 Valladolid (Spain)
Javier Pajares ; Escuela Tecnica Superior de Ingenieros Industriales Universidad de Valladolid Paseo del Cauce s/n E-47011 Valladolid (Spain)
Adolfo López-Paredes ; Escuela Tecnica Superior de Ingenieros Industriales Universidad de Valladolid Paseo del Cauce s/n E-47011 Valladolid (Spain)

Sažetak

In this paper we adopt a portfolio management approach to make
project selection decisions easer in construction management. In
particular, we suggest to extend value-based analysis to project selection within a Portfolio of related projects. We define a new value based indicator, “Project Value to Portfolio Value” (PV2PV) to asses the added value of a new project to the value of the firm’s actual portfolio of projects. The PV2PV indicator allows us to establish the modified ranking of the individual projects of the portfolio should a new incoming project be included in the firm’s portfolio of standing projects. The approach not only is useful for construction corporations but for some financial corporations like Spanish banks, which after the construction bubble have become “project and facility owners”.

Ključne riječi

Project Portfolio Management; Portfolio Evaluation and Selection; Value-Based Analysis; Construction Management

Hrčak ID:

69503

URI

https://hrcak.srce.hr/69503

Datum izdavanja:

1.6.2011.

Posjeta: 2.051 *