Research Journal of The University of Zagreb, Faculty of Civil Engineering

Organization, Technology & Management in Construction: An International Journal
ISSN 1847-5450 print / ISSN 1847-6228 online
udc 62:658(05)

Abstracting/Indexing: The papers published in Organization, Technology & Management in Construction: An international Journal are abstracted/indexed by: EBSCO, INSPEC, ProQuest Science Journals

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6. Cesar Hernandez, Javier Pajares, Adolfo Lopez-Paredes:

A Portfolio Inpired Metric for Project Selection in Construction Management

Abstract:

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 value of 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 corporations like Spanish banks, which after the construction bubble have become“project and facility owners”.

Keywords:

Project Portfolio Management, Portfolio Evaluation and
Selection, Value-Based Analysis, Construction Management.