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).
