D 2022

Searching Efficient Project Portfolios Using Data Envelopment Analysis

FIALA, Petr and Renata MAJOVSKÁ

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

Language

English

Type of outcome

Stať ve sborníku

Field of Study

50202 Applied Economics, Econometrics

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

Publication form

electronic version available online

References:

Organization unit

University of Finance and Administration

ISBN

978-80-7435-855-5

ISSN

DOI

Keywords (in Czech)

project portfolios; efficiency; DEA; resources; goals

Keywords in English

project portfolios; efficiency; DEA; resources; goals

Tags

International impact, Reviewed
Změněno: 1/9/2022 08:00, Mgr. Jitka Štruncová

Abstract

ORIG CZ

V originále

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.

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.