USING ALIGNMENT WITH CORPORATE STRATEGY FOR THE SELECTION OF A PROJECT PORTFOLIO BASED ON ANP

Autores UPV
Año
CONGRESO USING ALIGNMENT WITH CORPORATE STRATEGY FOR THE SELECTION OF A PROJECT PORTFOLIO BASED ON ANP

Abstract

In this paper a new approach to prioritize project portfolio in an efficient and reliable way is presented. The research methodology is based on a combination of a synthesis of the literature across the diverse fields of project management, project alignment, multicriteria decision methods and a parallel analysis of an industrial case study. The paper introduces a rigorous methodology with acceptable complexity which seeks to assist managers of the National Electricity Corporation of Venezuela (Corpoelec) in their yearly resources¿ assignment on their projects portfolio. The aim being to determine the degree of alignment of each project to corporate strategy based on the judgments of a group of experts on the expected contribution of the projects to the business strategic objectives. The model presented can be used both as a descriptive and a prescriptive model. The approach presented uses project prioritization based on the multi-criteria decisionmaking technique called Analytic Network Process. Thus the corporate strategic objectives will be used as prioritization criteria to obtain the Relative Alignment Index (RAI).