Project portfolio selection based on synergy degree of composite system

Bai, Libiao; Chen, Hongliang; Gao, Qi; Wei, Luo

doi:10.1007/s00500-018-3277-8

Cited by 34 publications

(14 citation statements)

References 14 publications

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“…Policy synergy can be defined from three perspectives: objective, process, and state. The objective of policy synergy is to make interpolicy collaboration produce effects that are higher than the sum of each policy performance and reduce interdepartmental conflicts (Bai et al, 2018). From the perspective of process, Bai et al (2018) argued that policy synergy is the process by which two or more policies coordinate to achieve a common objective.…”

Section: Research On Policy Synergymentioning

confidence: 99%

Evaluation of policy synergy in coastal ocean pollution prevention and control: The case from China

Yao

Sun²,

Liu³

2023

Front. Mar. Sci.

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In recent years, the Chinese central government and coastal provincial governments have promulgated a series of Coastal Ocean Pollution Prevention and Control Programs (COPPCP). Whether the government’s COPPCP can achieve policy synergy will affect the level of marine pollution governance. This study constructs a two-dimensional assessment framework of policy “subject department”–”content theme” and conducts a comprehensive evolution of policy synergy from objective, process, and state perspectives. From the subject department dimension, the study used social network analysis to find that interdepartmental collaboration was not done well overall. The policy synergy process is difficult to be guaranteed. Meanwhile, the structure of departmental synergy networks in different provinces shows differences and can be divided into three types of governments with single-core, multi-core, and vertical synergy. In the content synergy dimension, it was found by the Chinese Bidirectional Encoder Representations from Transformers-Whole Word Masking (BERT-WWM) model that the policy content is mainly focused on four themes of marine ecological protection (MEP), marine pollution control (MPC), land-based pollution reduction (LPR), and safeguard measures (SAM). The three types of governments show different performances on the four theme synergies. The governments perform well in the objective synergy; however, it is difficult for them to agree on the policy tool synergy, and the status of policy synergy is difficult to maintain. This paper adopts the BERT-WWM model instead of the manual coding method in the previous policy content analysis, enhancing the evaluation’s objectivity. The study results will provide a reference for further improving marine pollution governance systems in developing countries.

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Section: Research On Policy Synergymentioning

confidence: 99%

Evaluation of policy synergy in coastal ocean pollution prevention and control: The case from China

Yao

Sun²,

Liu³

2023

Front. Mar. Sci.

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“…The business strategy becomes a reference for project portfolio management to be consistent with the goals of the company so that it can provide competitive advantage, reputation, and widen the business scope [15]. Organizational goals can be achieved if there is good collaboration between business strategy and projects using project portfolio management [5].…”

Section: Project Portfolio Managementmentioning

confidence: 99%

Analysis of Factors Shaping Project Portfolio Management at Indonesia Construction Public State-Owned Enterprise to Increase Workforce Management

Benson¹,

Arifin²

2021

IJSRP

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Indonesia public construction state owned enterprise (SOE) is Construction Company that owned by the government of Indonesia by 51% or more. Currently there are 4 Indonesia state owned public construction company. These companies' performance in 2018 are measured by adapting and modifying Malcolm Baldrige Criteria for Performance Excellence (MBCfPE) and putting 2 companies as industry leader, 1 as emerging industry leader, and another as good performance. One of the main reasons for low company performance is poor planning. Project portfolio management (PPM) can increase the planning quality and followed by increasing company performance. The purpose of this study is to analyze the critical success factors for PPM to increase company performance through workforce management with Indonesia public construction SOE as object. The result of this study can lead Indonesia public construction SOE to apply PPM in a better way and increasing the company performance to become industry leader.

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“…Two types of models were proposed respectively by Dou et al [16] based on single and multi-objectives to select the optimal portfolio to maximize objective values. However, these approaches are not always suitable for two main reasons [40]: (i) evolutional and comprehensive strategy regulates the criteria to select project portfolios, but poorly selected criteria could hinder portfolio implementation to reach its strategy [25], (ii) There may exist complicated and dynamical synergies [44] among candidate projects, which can be easily omitted by mistake in PPS and this is quite common that will affect PPS decision making [4]. However, the best project when taking individually, may not necessarily form the best set of projects when taken as a group of projects in project portfolio.…”

Section: Introductionmentioning

confidence: 99%

“…For example, financial target is an important issue to maximize the benefits from the projects in the strategic criteria to select optimal project portfolio [6]. However, over-reliance on the financial selection criteria may conflict with organizational long-term development objectives [4]. Therefore, an organizational strategy not only includes the combination of financial and non-financial targets, but also must include long-and short-term plans, and the internal and external stakeholder management that all need to be considered in PPS process.…”

Section: Introductionmentioning

confidence: 99%

Project portfolio selection based on synergy degree of composite system

Cited by 34 publications

References 14 publications

Evaluation of policy synergy in coastal ocean pollution prevention and control: The case from China

Evaluation of policy synergy in coastal ocean pollution prevention and control: The case from China

Analysis of Factors Shaping Project Portfolio Management at Indonesia Construction Public State-Owned Enterprise to Increase Workforce Management

A methodology for strategy-oriented project portfolio selection taking dynamic synergy into considerations

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