A Method of Assessing the Feasibility of Realization Enterprise Project Portfolios

Abstract:

The need for simultaneous implementation of many projects in modern enterprises forces a change in the approach to project management. The operational attitude focused on managing individual projects is replaced by a strategic approach focused on managing project portfolios. The purpose of the article is to propose a method to improve the process of building the enterprise project portfolio strategy, which is understood as a set of projects that bring the highest benefits together within the accepted risk tolerance limits. The first part of the article explains the essence of the project portfolio and the project portfolio management process, with particular emphasis on the stage of portfolio components assessment. The second part of the article describes the proposed method for automatically generating project portfolios, which can be realized with a set of available resources. This part presents a model of permissible sharing of resources between projects, a method for assessing feasibility of  the project portfolio, and a method that minimizes the number of project portfolios required to assess the feasibility of all established enterprise projects. The proposed method can be used both when switching the enterprise to project portfolio management and when designating a new project portfolio during the implementation of the currently selected one (acquiring new projects or loss of resources). The whole is complemented by elements of the sample application of the proposed method together with graphic illustrations.