Project selection methodology using multi-criteria analysis

The decision of an optimum project portfolio selection in the area of project management, is frequently encountered in the business environment. On a purely organizational level, this decision must take into account the uncertainties in the calculation of many criteria as the expected revenue from the investment, profitability, resource availability, labor skills, perspectives and know how. This survey addresses the above questions using an adequate software tool, and provides the methodological framework for the modeling of such business decisions; furthermore, it demonstrates the feasibility and the reliability of the proposed approach and corroborates its findings with a realistic example. The research will be oriented to the concept of an article by Reyck et al (2005) that recommend not ‘‘doing projects right’’ but ‘‘doing the right projects’’.

Dimitrios V.Siskos is a Doctoral candidate in Finance and works since 2005 in finance departments for the industry sector in Greece. As an academic instructor, he was teaching the course "Cost Accounting". As a freelance teacher, he is still teaching Finance to help and prepare university students.He is married and has one lovely daughter.