2009
DOI: 10.1007/s10100-008-0081-z
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Competence-driven project portfolio selection, scheduling and staff assignment

Abstract: This paper presents a new model for project portfolio selection, paying specific attention to competence development. The model seeks to maximize a weighted average of economic gains from projects and strategic gains from the increment of desirable competencies. As a sub-problem, scheduling and staff assignment for a candidate set of selected projects must also be optimized. We provide a nonlinear mixed-integer program formulation for the overall problem, and then propose heuristic solution techniques composed… Show more

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Cited by 20 publications
(36 citation statements)
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“…Secondly, the current model considers the efficiency of a human resource in a certain skill as a fixed, static quantity. The model may be extended by taking the possibility of learning into account; this can be done along the lines of the models in [15,17,18,22]. Third, whereas the present model assumes that each project once included in the portfolio must be carried out (this is realistic for situations where projects are based on contracts with customers), also the possibility of abandoning projects might be taken into consideration.…”
Section: Discussionmentioning
confidence: 98%
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“…Secondly, the current model considers the efficiency of a human resource in a certain skill as a fixed, static quantity. The model may be extended by taking the possibility of learning into account; this can be done along the lines of the models in [15,17,18,22]. Third, whereas the present model assumes that each project once included in the portfolio must be carried out (this is realistic for situations where projects are based on contracts with customers), also the possibility of abandoning projects might be taken into consideration.…”
Section: Discussionmentioning
confidence: 98%
“…The staff of the firm consists of the employees j 2 J: For the execution of the projects, qualified human labor in different categories which have been called competencies in [17,18] is required. Following [21], we shall use the shorter alternative term skills in this paper.…”
Section: The Modelmentioning
confidence: 99%
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