%0 Journal Article
%T Selecting projects in a portfolio using risk and ranking
%A Luis Copertari
%J Journal of Project, Program & Portfolio Management
%D 2011
%I 
%X There are three dimensions in project management: time, cost and performance. Risk is a characteristic related to the previous dimensions and their relationships. A risk equation is proposed based on the nature of the uncertainty associated to each dimension as well as the relationship between the uncertainties. A ranking equation that is able to prioritise projects is proposed and discussed. The problem solved here is which projects to select in a given portfolio of projects. The model is implemented in a group decision support system (GDSS) which can guide decisionmakers in their decision process. However, the system is not intended as a substitution of the decisionmaker task, but merely as an aid. The methodology used is analysis of the equations proposed and trial and error based on examples. This paper¡¯s main contribution is the risk equation and the ranking equation.
%U https://epress.lib.uts.edu.au/journals/index.php/pppm/article/view/1943