Multi-Criteria and Model-Based Analysis for Project Selection: An Integration of Capability-Based Planning, Project Portfolio Management and Enterprise Architecture

Nowadays, organizations are faced with many investment decisions, many of which are related to the selection of projects the organization should undertake in order to achieve its strategic goals. However, these projects are often influenced by several drivers, such as specific concerns of the stakeholders, availability of resources, and varying levels of risk. Thus, organizations often encounter difficulties when having to make such investment decisions. To address this issue, we propose a method which integrates aspects of Project Portfolio Management, of Enterprise Architecture and of Capability-based planning. Our method also covers a comprehensive selection process, based on organizational capabilities, and analytical techniques, such as AHP and linear programming. We demonstrate the application of the method in the case of a large European energy supplier.