In this paper, we propose a multi - objective model for selecting the project portfolio that maximizes efficiency, quality while minimizes the risk involved in project execution. | Multi objective project portfolio selection Journal of Project Management 4 2019 249 256 Contents lists available at GrowingScience Journal of Project Management homepage Multi objective project portfolio selection Kamal Baqeria Emran Mohammadia and Mahsa Mofrad Gilania a Department of Industrial Engineering Iran University of Science and Technology Tehran Iran CHRONICLE ABSTRACT Article history The Project Portfolio Selection is a complex process that involves many factors and consid- Received May 8 2019 erations since the project is proposed until the project portfolio is finally selected. Project Received in revised format June Portfolio Management is the iterative process of assessment selection and implementation 2 2019 of projects and the most important part of that is to select projects for portfolio where the Accepted June 9 2019 Available online organization is required to identify and prioritize projects with the most objective alignment June 10 2019 to its objectives. Since the selection of a suitable projects is very important it is necessary Keywords to develop mathematical models to lead the organization towards the final goal. To achieve Project Portfolio this goal these models should reflect the organization s position goals and priorities as much Selection as possible. In this paper we propose a multi - objective model for selecting the project Risk portfolio that maximizes efficiency quality while minimizes the risk involved in project Competition execution. 2019 by the authors licensee Growing Science Canada. 1. Introduction Given the competitiveness of global markets the selection of the project portfolio is one of the most important decisions related to all firms Lin amp Hsieh 2004 . Since it is not possible to compare two projects the projects should be compared with the group so the problem of the project portfolio selection is critical for all companies Chien 2002 . The project portfolio consists of a number of .
