TAILIEUCHUNG - A state-of-art survey on project selection using MCDM techniques

This paper presents a survey for project selection using multiple criteria decision making techniques. The study considers 60 papers from over the period 1980-2017. The results of the survey have indicated that integration of Order of Preference by Similarity to Ideal Solution (TOPSIS) and analytical hierarchy process/analytical network process was the most popular techniques for project selection followed by VIKOR method. | A state-of-art survey on project selection using MCDM techniques Journal of Project Management 2 2017 1 10 Contents lists available at GrowingScience Journal of Project Management homepage A state-of-art survey on project selection using MCDM techniques Soheil Sadi-Nezhada a University of Waterloo Waterloo Ontario Canada CHRONICLE ABSTRACT Article history Project selection is considered as the first essential part of project portfolio management. Project Received March 5 2017 selection is also considered as a process to evaluate each project idea and chooses the one with Received in revised format May the biggest priority. Project selection plays an essential role in the entire life cycle of different 16 2017 projects. This paper presents a survey for project selection using multiple criteria decision mak- Accepted June 11 2017 Available online ing techniques. The study considers 60 papers from over the period 1980-2017. The results of June 11 2017 the survey have indicated that integration of Order of Preference by Similarity to Ideal Solution Keywords TOPSIS and analytical hierarchy process analytical network process was the most popular Project selection techniques for project selection followed by VIKOR method. TOPSIS AHP ANP VIKOR 2017 Growing Science Ltd. 1. Introduction Project selection is considered as the first essential part of project portfolio management. Project selec- tion is also considered as a process to evaluate each project idea and chooses the one with the biggest priority. Project selection plays an essential role in the entire life cycle of different projects Wu et al. 2014 . The scoring technique is a method where the members of a project selection lists relevant crite- ria weighs them based on their relative importance and their priorities and then sums the weighted values Huang et al. 2008 Ramani et al. 2009 Pirdashti et al. 2009 Bakshi et al. 2012 Adhikary et al. 2015 . Project selection often is involved with .

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