Best selection of project portfolio using Fuzzy AHP and Fuzzy TOPSIS

Abstract

Choosing the optimal portfolio for the project is one of the most important and strategic decisions in most organizations, especially project-based organizations. The issue of the project selection is a periodic activity in order to choose the appropriate and optimal portfolio from the proposed projects and ongoing projects within the organization which can meet organizational goals without waste of the resources and taking into account certain constraints. Consequently, the aim of this paper is to select the best project portfolio by using fuzzy AHP and fuzzy TOPSIS methods. The forgoing methods have been used in a case study, and the result and data have been evaluated from different points of view.