Development of an IT-based tool for portfolio assessment and management for construction companies

2019
Bilgin, Gözde
Development in the construction industry has leaded most of the construction companies to undertake more complex projects than before, which are generally executed concurrently. Therefore, project management routines of the companies may not support effective management of multi-projects. Project portfolio management approach has been suggested to meet requirements for coordinating multi-projects to meet strategic objectives under limited resources. Since project portfolio management requires a comprehensive multi-criteria evaluation process, tools and methods to facilitate decision-making at the portfolio level are needed; however, there have been limited studies responding to this need in the construction industry. This study aims development of a practical decision support tool for construction companies to enable them manage their projects as a part of a portfolio and conduct analysis at the portfolio level. A tool (COPPMAN) has been generated based on the requirements identified through literature survey on project portfolio management and explorative studies with construction company professionals in Turkey. It is capable of capturing and utilizing project knowledge, conducting analysis of portfolios considering interdependencies, enabling selection of the best portfolio considering strategic objectives of the company and facilitating decision-making by providing visual representations of alternative scenarios. The tool has been validated by usability testing and case study with a portfolio of real projects in a construction company. COPPMAN may be beneficial in adoption of portfolio management perspective for especially medium and large-sized construction companies resulting in competitive advantage in international markets by effective management of multi-projects.

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Citation Formats
G. Bilgin, “Development of an IT-based tool for portfolio assessment and management for construction companies,” Ph.D. - Doctoral Program, Middle East Technical University, 2019.