A Portfolio Inpired Metric for Project Selection in Construction Management
- Hernandez, Cesar 1
- Pajares, Javier 1
- López-Paredes, Adolfo 1
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1
Universidad de Valladolid
info
ISSN: 1847-5450, 1847-6228
Datum der Publikation: 2011
Art: Artikel
Andere Publikationen in: Organization, Technology and Management in Construction: An International Journal
Zusammenfassung
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 valueof 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 corporationslike Spanish banks, which after the construction bubble have become “project and facility owners”.
Informationen zur Finanzierung
This research was financed by the Spanish Ministry of Science and Innovation (TIN2008-06464-C03-02) and the Regional Government of Castile and Leon (VA009A06 and GR251/09).Geldgeber
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Ministry of Science and Innovation
Spain
- TIN2008-06464-C03-02
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Regional Government of Castile and Leon
Spain
- VA009A06
- GR251/09