Portfolio Prioritization
This Wiki-page is currently under construction, and therefore may important information be missing. In case of any conflicts, please contact, Andy M Filipovic, s153501@student.dtu.dk
| Andy Mattulat | Filipovic | s153501 |
| Casper Scheel | Nielsen | s193273 |
| Lucas | Gunnersen | s161812 |
| Magnus Thor | Gunnarsson | s193154 |
| Mohammad Sadeq Nateqi | Nateqi | s143376 |
| Morten Aarkrogh | Christensen | s193382 |
Contents |
Introduction
This Wiki page is a collection of tools and methods that we find relevant, in the development of a portfolio prioritization method/toolbox, in close collaboration with FL. Smidth.
Tools
This chapter contains the different tool we intent to use during the portfolio prioritization process. The different tools will have short description of the tool and how it's intended use.
Tool 1: Scoring Method (Casper)
Definition
Practical guidelines /how to
Benefits and limitations
Tool 2: Bubble Diagram (Casper)
Definition
The bubble diagram is a very simple, yet useful tool to map preferential values of a project. The values are mapped on an X-Y matrix, where each axis determine the desired value. The name bubble comes from the actual representation of the values in the matrix.
Practical guidelines /how to
Benefits and limitations
Tool 3: Portfolio selection (Magnus)
Definition
Practical guidelines /how to
Benefits and limitations
Tool 4: The Analytic Hierarchy Process (AHP) (Morten)
Definition
The analytic hierarchy process is used to help decision making when working with projects, programs or portfolios, where multiple criteria needs to be considered. The process keeps the decision unbiased and objective by the use of eigenvectors. The functions that are considered in AHP are structuring complexity, measurements and synthesis.
Practical guidelines /how to
When AHP is used in decision making, one will need to go through the 6 steps that is: 1. Define scope 2. Hierarchy 3. Pair wise comparison 4. Scoring and consistency 5. Evaluation of the alternatives 6. Make the decision
Benefits and limitations
The benefit of AHP is its ability to handle more criteria than the human mind can, which will increase the amount of correct decisions made. Furthermore AHP decreases the amount of subjectivity used to make decisions as it leaves out biases. AHP is a time-consuming process the first time it is used, however after several uses it is more easily applied.
