tailieunhanh - Portfolio scheduling: an integrative approach of limited resources and project prioritization

This paper goes one step further and presents an algorithm that solves the RCMPSP where each project has a different priority for the organization. With this information, the algorithm uses a market-based mechanism to determine what activities should receive preferential treatment during the scheduling process. | Portfolio scheduling an integrative approach of limited resources and project prioritization Journal of Project Management 5 2020 103 116 Contents lists available at GrowingScience Journal of Project Management homepage Portfolio scheduling an integrative approach of limited resources and project prioritization Félix Villafáñeza David Pozaa Adolfo López-Paredesa Javier Pajaresa and Fernando Ace- besa a INSISOC - University of Valladolid Spain CHRONICLE ABSTRACT Article history The main issue for portfolio managers is to find a feasible schedule that guarantees the avail- Received December 2 2019 ability of the resources required by the activities at the dates they are scheduled which is the Received in revised format De- classical objective of the Resource-Constrained Multi-Project Scheduling Problem cember 27 2019 RCMPSP . This paper goes one step further and presents an algorithm that solves the Accepted December 28 2019 Available online RCMPSP where each project has a different priority for the organization. With this infor- December 28 2019 mation the algorithm uses a market-based mechanism to determine what activities should Keywords receive preferential treatment during the scheduling process. Therefore among the multiple Project Management possible schedules that comply with the resource constraints . the solution provided by Multi-Project Scheduling classical approaches to RCMPSP our approach allows obtaining a schedule for the portfolio Portfolio Management in which beyond minimizing the duration of the portfolio the activities are scheduled con- Portfolio Scheduling sidering the portfolio manager s priorities. Project Prioritization 2020 by the authors licensee Growing Science Canada. 1. Introduction Project-Based firms organize their operations through projects Artto amp Kujala 2008 regardless of whether they are internal . capital investment projects or external . customer delivery pro- jects . These companies must .