Project Portfolio Evaluation Aspects of the Bulgarian Business Organisations Cover Image

Оценяване на аспектите на проектното портфолио на българските стопански организации
Project Portfolio Evaluation Aspects of the Bulgarian Business Organisations

Author(s): Mariana Darley
Subject(s): Economy, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Project Portfolio; Project Portfolio Evaluation; Project Selection Methods; Project Portfolio Balance; Project Sustainability
Summary/Abstract: Despite the crisis caused by COVID-19, worldwide organisations continue to be interested in using a project portfolio as a management device, as they recognise the need to improve activities and to improve strategic methods in the companies they manage. This paper assesses different aspects of the project portfolio or more precisely, the different criteria for selection of projects in the portfolio (for instance – which project has higher priority, how best to allocate resources to projects, which project to implement and which to be dropped, etc.). As each organisation is different, the project portfolio does not have a precise established framework or formula to achieve success, nonetheless the goals remain the same: 1. the projects need to be in compliance with the organisation’s requirements; 2. a balance of projects in the organisation’s portfolio is required (as a result of detailed selection); 3. tо select the correct methodology for each project; 4. the strategy and the selected project goals should match; 5. the selected portfolio projects need to be sustainable with a feedback loop for further development and improvement; and last but not least important – 6. to achieve a return on investment and increase company capital. As each organisation needs a different portfolio management model, the evaluation of the project portfolio aspects and the project portfolio evaluation methods are based on the six indicators written above.