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Page 1 of 5 Documents Iamratanakul, S. a, Patanakul, P. b, Milosevic, D. c Project portfolio selection: From past to present (2008) Proceedings of the 4th IEEE International Conference on Management of Innovation and Technology, ICMIT, art. no. 4654378, pp. 287-292. Cited 1 time. a School of Management, Asian Institute of Technology, Pathumthani, Thailand b Howe School of Technology Management, Stevens Institute of Technology, Hoboken, NJ, United States c Department of Engineering and Technology Management, Portland State University, Portland, OR, United States Abstract The objective of this paper is to summarize the past and present literature on project portfolio selection. In particular, it highlights six groups of project portfolio selection methods. Based on the literature review, the content of this paper could be used as a basis for future study in this topic. 2008 IEEE. Author Keywords Portfolio selection; Project portfolio management; Project selection Index Keywords Administrative data processing, Financial data processing, Investments; Literature reviews, Portfolio selection, Project portfolio management, Project portfolios, Project selection; Innovation References Liberatore, M.J., Pollack-Johnson, B. Factors influencing the usage and selection of project management software (2003) IEEE Transactions on Engineering Management, 50, pp. 164-174. Greiner, M.A., Fowler, J.W., Shunk, D.L., Carlyle, W.M., McNutt, R.T. A hybrid approach using the analytic hierarchy process and integer programming to screen weapon systems projects (2003) IEEE Transactions on Engineering Management, 50, pp. 192-203. Shang, J.S., Tjader, Y., Ding, Y. A unified framework for multi-criteria evaluation of transportation projects (2004) IEEE Transactions on Engineering Management, 51, pp. 300-313. Baker, N., Freeland, J. Recent advances in R&D benefit measurement and project selection methods (1975) Management Science, 21, pp. 1164-1175.

Scopus - Print Document Baker, N.R., Pound, W.H. R&D project selection: Where we stand (1964) IEEE Transactions on Engineering Management, 11. Page 2 of 5 Wang, K., Wang, C.K., Hu, C. Analytical hierarchy process with fuzzy scoring in evaluating multidisciplinary R&D projects in china (2005) IEEE Transactions on Engineering Management, 52, pp. 119-129. Santiago, L.P., Bifano, T.G. Management of R&D projects under uncertainty: A multidimensional approach to managerial flexibility (2005) IEEE Transactions on Engineering Management, 52, pp. 269-280. Gupta, S.K., Mandakovic, T. Contemporary approaches to R&D project selection: A literature search (1992) Management of R&D and Engineering, pp. 67-87. D. F. Kocaoglu, Ed. Amsterdam: North Holland Souder, W.E., Mandakovic, T. R&D project selection models (1986) Research Management, 29, pp. 36-42. Martino, J.P. Project selection (2003) Project management toolbox: Tools and techniques for the practicing project manager, pp. 53-64. D. Milosevic, Ed. New Jersey: John Wiley & Sons Jin, X.Y., Porter, A.L., Rossini, F.A., Anderson, E.D. R&D project selection and evaluation: A microcomputer-based approach (1987) R&D Management, 17, pp. 277-288. Liberatore, M.J. An extension of the analytic hierarchy process for industrial R&D project selection and resource allocation (1987) IEEE Transactions on Engineering Management, 34, pp. 12-18. Khorramshahgol, R., Azani, H., Gousty, Y. An integrated approach to project evaluation and selection (1988) IEEE Transactions on Engineering Management, 35, pp. 265-270. Suh, C.-K., Suh, E.-H., Back, K.-C. Prioritizing telecommunications technologies for long-range R&D planning to the year 2006 (1994) IEEE Transactions on Engineering Management, 41, pp. 264-275. Lockett, G., Hetherington, B., Yallup, P. Modeling a research portfolio using AHP: A group decision process (1984) R&D Management, 16, pp. 151-160. Asher, D.T. A linear programming model for the allocation of R and D efforts (1962) IRE Transactions on Engineering Management, 94, pp. 154-157. Blanning, R.W. Variable-base budgeting for R&D (1981) Management Science, 27, pp. 547-558.

Paolini, A., Glaser, M.A. Project selection methods that pick winners (1977) Research Management, 20, pp. 26-29. Page 3 of 5 Winkofsky, E.P., Baker, N.R., Sweeney, D.J. A decision process model of R&D resource allocation in hierarchical organizations (1981) Management Science, 27, pp. 268-283. Jackson, B. Decision methods for selecting a portfolio of R&D projects (1983) Research Management, 26, pp. 21-26. Charnes, A., Stedry, A.C. A chance-constrained model for real-time control in research and development management (1966) Management Science, 12, pp. 353-362. Weber, R., Werners, B., Zimmermann, H.-J. Planning models for research and development (1990) European Journal of Operational Research, 48, pp. 175-188. Werners, B. Interactive multiple objective programming subject to flexible constraints (1987) European Journal of Operational Research, 31, pp. 342-349. Martino, J.P. (1995) Research and Development: Project Selection, New York: John Wiley & Sons Grossman, G.M., Shapiro, C. Dynamic R&D competition (1987) The Economic Journal, 97, pp. 372-387. Stahl, M.J., Harrell, A.M. Identifying operative goals by modeling project selection decisions in research and development (1983) IEEE Transactions on Engineering Management, 30, pp. 223-228. Cooper, R.G. An empirically derived new product project selection model (1981) IEEE Transactions on Engineering Management, 28, pp. 54-61. Schwartz, S.L., Vertinsky, I. Multi-attribute investment decisions: A study of R&D project selection (1977) Management Science, 24, pp. 285-301. Mathieu, R.G., Gibson, J.E. A methodology for large-scale R&D planning based on cluster analysis (1993) IEEE Transactions on Engineering Management, 40, pp. 283-292. Hall, D.L., Nauda, A. An interactive approach for selection IR&D projects (1990) IEEE Transactions on Engineering Management, 37, pp. 126-133. Liberatore, M.J., Stylianou, A.C. The development manager's advisory system: A knowledge-based DSS tool for project assessment (1993) Decision Sciences, 24, pp. 953-976.

Page 4 of 5 Pearson, A.W., Stratford, M.J.W., Wadee, A., Wilkinson, A. Decision support systems in R&D project management (1996) Handbook of technology management, G. H. Gaynor, Ed. New York: McGraw-Hill Schmidt, R.L., Freeland, J.R. Recent progress in modeling R&D project-selection processes (1992) IEEE Transactions on Engineering Management, 39, pp. 189-201. Vepsalainen, A.P.J., Lauro, G. Analysis of R&D portfolio strategies for contract competitions (1988) IEEE Transactions on Engineering Management, 35, pp. 181-186. Milling, P.M. Modeling innovation processes for decision support and management simulation (1996) System Dynamics Review, 12, pp. 211-234. Fox, E.G., Baker, N.R. Project selection decision making linked to a dynamic environment (1985) Management Science, 31, pp. 1272-1285. Mandakovic, T., Souder, W.E. An interactive decomposable heuristic for project selection (1985) Management Science, 31, pp. 1257-1271. Luehrman, T.A. Investment Opportunities as Real Options: Getting Started on the Numbers (1998) Harvard Business Review, 76, pp. 51-61. Correspondence Address Iamratanakul S.; School of Management, Asian Institute of Technology, Pathumthani, Thailand Conference name: 4th IEEE International Conference on Management of Innovation and Technology, ICMIT Conference date: 21 September 2008 through 24 September 2008 Conference location: Bangkok Conference code: 74299 ISBN: 9781424423309 DOI: 10.1109/ICMIT.2008.4654378 Language of Original Document: English Abbreviated Source Title: Proc. IEEE Int. Conf. Manage. Innov. Technol., ICMIT Document Type: Conference Paper Source: Scopus About Scopus What is Scopus Content coverage What do users think Latest Tutorials Contact and Support Contact and support Live Chat About Elsevier About Elsevier About SciVerse About SciVal Terms and Conditions Privacy Policy

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