Construction Project Portfolio Management Tool (COPPMAN)

2018-04-24
Bilgin, Gözde
Eken, Görkem
Özyurt, Beste
Dikmen Toker, İrem
Birgönül, Mustafa Talat
Özorhon Orakçal, Beliz
Most of the today’s construction organizations are executing several projects concurrently; however, their management routines do not respond to the need of concurrent execution of projects. Portfolio management enables effective management of the right projects for the organization considering its resources, capabilities, strategic objectives, environmental factors, etc. Tools to support decision-making at the portfolio level are needed for successful project management, portfolio management and strategic management of companies; however, there have been very scarce studies responding to this need in the industry. This study reports fundamentals of a tool (alpha version) that has been designed as a decision support tool for portfolio management specific for construction companies. The tool (COPPMAN) will be improved by further testing its validity, reliability and usability within construction companies with real project portfolios. The final version of the tool is believed to be useful for adoption of portfolio management principles in construction companies by capturing project knowledge, enabling analysis of portfolios considering interdependencies between projects, enabling selection of the best portfolio considering strategic priorities of the company and facilitating decision-making by providing visual representations of alternative scenarios.
Citation Formats
G. Bilgin, G. Eken, B. Özyurt, İ. Dikmen Toker, M. T. Birgönül, and B. Özorhon Orakçal, “Construction Project Portfolio Management Tool (COPPMAN),” presented at the COBRA 2018 Conference, London, UK, 2018, Accessed: 00, 2021. [Online]. Available: https://hdl.handle.net/11511/71211.