Strategic Framework for Optimized Project Portfolio Construction in Evolving Business Environments

In today's rapidly evolving and competitive environments, organizations face increasing pressure to select and manage project portfolios that not only align with strategic objectives but also deliver tangible business value. Despite decades of research and a wide range of proposed methodologies, there is still no universally accepted or sufficiently flexible approach to guide project portfolio selection effectively. This paper aims to provide decision-makers and project management practitioners with a comprehensive yet practical foundation for enhancing the portfolio selection process. It offers a structured breakdown of the problem from both theoretical and applied perspectives, emphasizing strategic alignment, resource constraints, and organizational readiness. Building on a critical review of existing methods and tools-ranging from multi-criteria decision-making models to hybrid optimization techniques-the paper proposes a refined conceptual framework for project portfolio construction. This model promotes a category-based evaluation of initiatives and integrates both ongoing and new projects, facilitating dynamic reconfiguration of portfolios to better support long-term organizational goals. The proposed approach aims to bridge the gap between analytical rigor and managerial intuition, particularly in contexts where resources are limited and adaptability is essential.

کلیدواژه ها:

Project Portfolio Management (PPM) ، Strategic Alignment ، Multi-Criteria Decision Making ، Portfolio Construction Framework