Open AccessANALYSIS ON PROJECT PORTFOLIO MANAGEMENT PRACTICES IN INDIAN CONSTRUCTION INDUSTRY
Author(s) -
Sivasundara Vinayagam,
R V Hemprashant,
S Sruthy,
Vidya Sanjeev,
P Muralidhar
Publication year - 2021
Publication title -
journal of civil engineering, science and technology
Language(s) - English
Resource type - Journals
ISSN - 2462-1382
DOI - 10.33736/jcest.3982.2021
Subject(s) - project portfolio management , portfolio , business , project management , project management triangle , ranking (information retrieval) , construction management , project stakeholder , application portfolio management , it portfolio management , construction industry , engineering management , process management , project charter , knowledge management , computer science , engineering , management , construction engineering , finance , economics , systems engineering , machine learning
Project Portfolio management (PPM) is a combination of projects under the sponsorship of a particular construction organization sharing the scarce resources, managing projects and programs within the portfolio. It requires different strategies, models and practices. Many organizations across the country have projects in their sector in different places. However they abandoned temporarily suspended or closed within a decade which is troublesome. Proper PPM helps to execute the construction project effectively. As such, the aim of this research paper is to identify PPM practices in different construction organizations with a view to examine the effects of such practices on the project portfolio. The current research topic focuses on analysing the project performance of different construction projects using Project Portfolio Management practices. In this research a questionnaire survey related to the Project Portfolio Management on four major practices is carried out among the various professionals in Indian Construction Industry with help of Multi Criteria Decision Making (MCDM) techniques such as Entropy Method, SAW, CODAS methods and ranking the various project portfolio.