Multi-objective IT Project Selection Model for Improving SME Strategy Deployment

Abstract

Due to the limited financial resources of small and Medium-sized enterprises (SMEs), the proven approaches for selecting IT project portfolio for large enterprises may fail to perform in SMEs; SME top management want to make sure that the corporate strategy is carried out effectively by IT project portfolio before investing in such projects. In order to provide automated support to the selection of IT projects, it seems inevitable that a multiobjective approach is required in order to balance possible competing and conflicting objectives. Under such an approach, individual projects would be evaluated not just on their own performance but on the basis of their contribution to balance the overall portfolio. In this paper, we extend and explore the concept of IT project selection to improve SME strategy deployment. In particular, we present a model that assesses an individual project in terms of its contribution to the overall strategic objectives of the portfolio. A simulation using the model illustrates how SME can rapidly achieve maximal business goals by deploying the multi-objective algorithm when selecting IT projects.

A Critical Analysis of IS Governance Frameworks: A Metamodel of the Integrated Use of CobiT Framework

“…Following an analysis of the work as a whole, authors deduce that there is a lack of agreement between these different authors ( [13], [14], [15], [16], [16], [17], [18], [19], [20], [21], [22], [36], [37], [38], and [39]) on the definition of the concept of IS governance.…”

Propuesta del modelo Multi Project Management para la priorización de programas académicos a partir de una herramienta tecnológica. Un estudio de caso

“…Es en la búsqueda de tomar la aminorar la subjetividad del hombre y darles participación a los algoritmos el escenario en el cual se han desarrollado distintos métodos -con diversos usos-para mejorar los niveles de incertidumbre que están implícitos en cada una de las decisiones tomadas en distintos contextos y niveles de complejidad (Peñaloza, 2019). Entre los métodos desarrollados están los modelos que implican criterios o multiobjetivos como la Ponderación Lineal -Scoring- (El Yamami et al, 2018); Utilidad Multiatributo -MAUT- (Shash et al, 2021) y el Análisis Jerárquico -AHP- (Mohammed et al, 2019). Este último es un modelo muy utilizado, de gran aceptación y credibilidad debido a su valoración de subjetividad y desarrollo matemático (Bermúdez Irreño & Quiñones Aguilar, 2018).…”

A model to reduce the risk of project selection utilizing data envelopment analysis

“…Rosic et al (2017) also used the DEA and TOPSIS methods to optimally select road safety projects based on the three parameters of average correlation, mean rank changes and average cluster changes. Yamami et al (2018) have proposed a multi-objective method for selecting IT projects to improve the development strategy in small and medium-sized enterprises. Jafarzadeh et al (2018) used a combination of DEA and fuzzy theory to select the project portfolio under prioritization between criteria, uncertainty and interdependence between projects.…”