Open AccessPROJECT SELECTION FOR GROUP DECISION MAKING: A MULTIPLE PROJECT PERSPECTIVE FROM PAKISTAN
Author(s) -
Muhammad Farhan Basheer,
Muhammad Imran,
Siti Norasyikin Abdul Hamid,
Azelin Aziz
Publication year - 2018
Publication title -
business and management studies: an international journal
Language(s) - English
Resource type - Journals
ISSN - 2148-2586
DOI - 10.15295/bmij.v6i3.377
Subject(s) - analytic hierarchy process , selection (genetic algorithm) , hierarchy , identification (biology) , process (computing) , management science , perspective (graphical) , process management , value (mathematics) , group decision making , computer science , knowledge management , business , risk analysis (engineering) , operations research , engineering , economics , political science , botany , artificial intelligence , machine learning , law , market economy , biology , operating system
Decision making is one of the primary functions of management. Making strategic decisions are important to achieve organisational efficiency and effectiveness. In the selection of projects, it is necessary for organisations to prioritise their projects due to limited resources. Therefore, the selection of projects that bring value and substantial impact on the organisation is very important to ensure that they can compete in the dynamic external environment and meet the goals and objectives. From the case study, the result suggests that the Analytical Hierarchy Process (AHP) method can contribute significantly to the identification of sources that need further clarification of attributes and criteria and at the same time it can provide a systematic analytical tool in making a group decision. This method allows the organisation to prioritize its projects based on certain criteria as it is a quantitative decision support tool. In conclusion, AHP is the best and efficient method for decision makers to consider all facts, weigh the pluses and minuses, reach, reevaluate and communicate their decisions.