Optimization Models of Rolling Planning for Project Portfolio in Organizations Taking Into Account Risk and Corporate Social Responsibility
Optimization Models of Rolling Planning for Project Portfolio in Organizations Taking Into Account Risk and Corporate Social Responsibility

Summary/Abstract: Modified multiperiod optimization models to support decision- making about the choice of the project portfolio under the program of strategic development of the organization are suggested. Corporate social responsibility of the organization is shown at setting goals, taking into account the interests of all stakeholders. Risks are accounted in the framework of portfolio investment theory of H. Markowitz using the scenario approach. The specific function of general utility, whose arguments are the levels to achieve the strategic objectives of the organization as a result of the project for the periods given the importance of the objectives and values of reduced costs for the project, is used as a target function. It is expected that the utility of the project will depend on how growth in levels to achieve the strategic objectives by periods occurs, while different growth rate of their level is preferred for different purposes. It is also expected that different structures of investing resources differ by preference for periods, due to which additional resource limitations for each time period are introduced in the model. The main difference between the proposed models is the ability to review the composition of the previously selected project portfolio at each step depending on the already achieved results and changes in internal and external conditions.

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