Integrating sustainability into construction project portfolio management

Siew, Renard

doi:10.1007/s12205-015-0520-z

Cited by 44 publications

(26 citation statements)

References 25 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Still, the need to focus on sustainability issues is neglected in almost all current literature relating to construction portfolio management [37]. For example, Tong et al [38] recommended the use of generic algorithm optimization in the building and construction portfolio management.…”

Section: Sustainability In Construction Project Portfolio Managementmentioning

confidence: 99%

“…The maturity model provides guidance on how project portfolio management can move beyond resource balancing to provide a higher level of portfolio oversight for the construction industry including the incorporation of sustainability considerations. Siew [37] proposed robust methods to account for sustainability across two critical stages: screening and optimal portfolio selection. During the screening stage, sustainability criteria are proposed followed by the use of second order moment to measure sustainability.…”

Section: Sustainability In Construction Project Portfolio Managementmentioning

confidence: 99%

See 1 more Smart Citation

An Index to Measure Sustainability of a Business Project in the Construction Industry: Lithuanian Case

Dobrovolskienė

Tamošiūnienė

2015

Sustainability

View full text Add to dashboard Cite

Abstract:The continuous growth of the world population, resource scarcity and the threat of climate change pose numerous environmental and social problems to the world. Therefore, much hope is put in the concept of sustainability. Companies are increasingly coming under strong global pressure to incorporate sustainability considerations into their project decision-making process. Business projects in the construction industry are among the most important, as this sector is one of the largest sectors and of major importance for the national economy and therefore has a huge impact on the environment and society. Thus, we have to explore ways to integrate sustainability into the management of those projects. This paper presents a composite sustainability index of a project (CSIP) which has been created following a review of existing literature and a pilot research study. A pilot research study was conducted in the Lithuanian construction industry between January 2015 and June 2015. Sustainability criteria were chosen and grouped on the basis of the analysis of the literature and different standards relating to sustainability applicable in the construction industry. A survey was used to select and rank the most important sustainability criteria. The index was constructed using multi-criteria decision-making methods. The results of the pilot study revealed that practitioners in the Lithuanian construction sector attach most importance to 15 sustainability criteria. A composite sustainability index of a project combining all these criteria may be useful in assessing the sustainability of a business project and making decisions regarding project portfolio selection and financial resource allocation. When addressing the issue of financial resource allocation in a project portfolio, the decision-maker could take into account not only the project's return and risk, but also its sustainability. The understanding of this study should enable companies to execute sustainable projects, which could make a contribution to the sustainable development of organizations and thereby increase their competitive advantage.

show abstract

Section: Sustainability In Construction Project Portfolio Managementmentioning

confidence: 99%

Section: Sustainability In Construction Project Portfolio Managementmentioning

confidence: 99%

An Index to Measure Sustainability of a Business Project in the Construction Industry: Lithuanian Case

Dobrovolskienė

Tamošiūnienė

2015

Sustainability

View full text Add to dashboard Cite

show abstract

“…Several researches explored the practices of integrating sustainability into project management from the perspective of critical success factors, project portfolio management, project control and so on [1,11,15]. Compared with other practices, project planning as a leading practice of project management process should be paid more attention with the goal of realizing sustainable project management effectively and successfully in the project life cycle.…”

Section: Introductionmentioning

confidence: 99%

Integrating Sustainability into Construction Engineering Projects: Perspective of Sustainable Project Planning

Zhu

Yang

et al. 2018

Sustainability

View full text Add to dashboard Cite

Abstract:With the balanced requirement of environmental, economic and social objectives in projects intensifying, the need for integrating sustainability with project management has drawn attention in both academia and practice. Especially for large complex construction engineering projects, how to achieve sustainability-related objectives in project practices has been endowed with an irreplaceable significance. This study explores the use of project planning practices for integrating sustainability into project management practices of construction engineering projects. Sustainable project planning, as the main instrument of sustainable project management, was put forward and measured to help project managers and practitioners understand what it is and how to carry it out in construction engineering projects. Qualitative methods based on content analysis of interview data of project managers from construction engineering projects, as well as quantitative method on account of exploratory and confirmatory factor analysis of statistical data, were used to define and assess the construct of sustainable project planning (SPP). Results indicate that SPP as a project planning practice combine the principles of sustainability should consist of three dimensions-managerial control, risk response, and work consensus-to guarantee sustainable construction and predict project success of construction engineering projects. This study shed light on academics and practices concerning the sustainable management of project planning activities and the achievement of sustainable-related objectives in construction engineering projects.

show abstract

“…Regarding the reviews that have been accomplished in the literature of sustainable development criteria in the context of the project portfolio (Siew, 2016;Wang et al, 2013;Xing et al, 2009), especially the construction projects, a set of sustainability criteria can be considered regarding the organization's objectives, which fall in three categories of the economic, environmental, and social criteria (Tables 1, 2, 3). Finally, in Table 4, all sustainability criteria have been gathered.…”

Section: Identification Of the Prioritization Criteriamentioning

confidence: 99%

A hybrid lexicographic and VIKOR approach for prioritizing construction projects by considering sustainable development criteria

Jalilibal¹,

Bozorgi-Amiri²,

Khosravi³

2018

10.5267/j.jpm

View full text Add to dashboard Cite

Nowadays, one of the challenges in the organizations according to budget limitations in the companies, is how to prioritize their project portfolios in the events of their strategies. In other words, organizations are seeking to allocate resources in order to gain the maximum profit according to budget limitations. In this article, a hybrid decision making method is used to prioritize construction project portfolio by considering sustainability criteria. First, Lexicographic method is applied to weight the sustainability criteria. Then, by considering the weights derived from the Lexicographic and sustainability criteria, projects are prioritized based on VIKOR method. The proposed method of this study is applied for a case study of projects in the refinery scope.

show abstract

Integrating sustainability into construction project portfolio management

Cited by 44 publications

References 25 publications

An Index to Measure Sustainability of a Business Project in the Construction Industry: Lithuanian Case

An Index to Measure Sustainability of a Business Project in the Construction Industry: Lithuanian Case

Integrating Sustainability into Construction Engineering Projects: Perspective of Sustainable Project Planning

A hybrid lexicographic and VIKOR approach for prioritizing construction projects by considering sustainable development criteria

Contact Info

Product

Resources

About