FIALA, Petr and Renata MAJOVSKÁ. Searching Efficient Project Portfolios Using Data Envelopment Analysis. Online. In Jan MAČÍ, Petra MAREŠOVÁ, Krzysztof FIRLEJ, Ivan SOUKAL. Hradec Economic Days. 1st ed. Hradec Králové: University of Hradec Králové, 2022, p. 190-197. ISBN 978-80-7435-855-5. Available from: https://dx.doi.org/10.36689/uhk/hed/2022-01-000.
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Basic information
Original name Searching Efficient Project Portfolios Using Data Envelopment Analysis
Name in Czech Searching Efficient Project Portfolios Using Data Envelopment Analysis
Authors FIALA, Petr (203 Czech Republic, guarantor) and Renata MAJOVSKÁ (203 Czech Republic, belonging to the institution).
Edition 1st ed. Hradec Králové, Hradec Economic Days, p. 190-197, 8 pp. 2022.
Publisher University of Hradec Králové
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50202 Applied Economics, Econometrics
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
Publication form electronic version available online
WWW URL
Organization unit University of Finance and Administration
ISBN 978-80-7435-855-5
ISSN 2464-6059
Doi http://dx.doi.org/10.36689/uhk/hed/2022-01-000
Keywords (in Czech) project portfolios; efficiency; DEA; resources; goals
Keywords in English project portfolios; efficiency; DEA; resources; goals
Tags International impact, Reviewed
Changed by Changed by: Mgr. Jitka Štruncová, učo 38491. Changed: 1/9/2022 08:00.
Abstract
Project management is a discipline for effective resource management in order to meet the specific goals of the organization. Organizations usually implement several projects at once, which form a project portfolio. In time, possible projects come in organizations, which are characterized by the required resources and the achievement of the organization's goals. The required resources form the inputs and the achieved level of fulfillment of the organization's goals forms the outputs of the created model. Efficient projects can be then determined using the basic data envelopment analysis (DEA) method. Total resources are available in the organization in limited amounts. A portfolio composed only of effective individual projects may not always provide an effective portfolio due to maximizing overall output with limited resources. The article suggests a new method for project portfolio forming based on a generalized DEA model. The efficiency of the portfolio and the effectiveness of outputs are used as performance measures of the designed project portfolio. Useful extensions of the procedure are considered and analyzed.
Abstract (in Czech)
Project management is a discipline for effective resource management in order to meet the specific goals of the organization. Organizations usually implement several projects at once, which form a project portfolio. In time, possible projects come in organizations, which are characterized by the required resources and the achievement of the organization's goals. The required resources form the inputs and the achieved level of fulfillment of the organization's goals forms the outputs of the created model. Efficient projects can be then determined using the basic data envelopment analysis (DEA) method. Total resources are available in the organization in limited amounts. A portfolio composed only of effective individual projects may not always provide an effective portfolio due to maximizing overall output with limited resources. The article suggests a new method for project portfolio forming based on a generalized DEA model. The efficiency of the portfolio and the effectiveness of outputs are used as performance measures of the designed project portfolio. Useful extensions of the procedure are considered and analyzed.
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