Appraising the triple bottom line utility of sustainable project portfolio selection using a novel multi-criteria house of portfolio

Seyed Farid Ghannadpour (), Ali Reza Hoseini (), Morteza Bagherpour () and Elmira Ahmadi ()
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Seyed Farid Ghannadpour: Iran University of Science and Technology
Ali Reza Hoseini: Iran University of Science and Technology
Morteza Bagherpour: Iran University of Science and Technology
Elmira Ahmadi: Iran University of Science and Technology

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, 2021, vol. 23, issue 3, No 24, 3396-3437

Abstract: Abstract Sustainable development is one of the most fundamental scientific and practical fields of development in modern societies which its importance is more comprehensible in underdevelopment countries. Project management methodologies have been incorporated sustainable criteria to enhance the quality of their scope. The purpose of this research is to design an effective three-stage novel combination approach to estimate the sustainability utility of projects based on the sustainable principles and the ranking of projects through a novel multi-criteria house of portfolio in analytical network process (ANP) and quality function deployment (QFD) approaches. In the first step, using Sustainable Balanced Scorecard, key sustainability indicators are identified for ranking projects; then, using the QFD-ANP combination approach, identifying the relationships between the indicators, determining their significance and ranking projects are being implemented. Finally, the estimation of the sustainability utility function of reference projects is made according to the ranking of the projects from the QFD-ANP stage and using the UTASTAR method. The results of this research, in addition to identifying key indicators of sustainable development and classifying them in the form of Sustainable Balanced Scorecard, contain a prioritization pattern to select sustainable projects for current and future projects in an automotive company.

Keywords: Project portfolio; House of portfolio (HoP); Quality function deployment (QFD); UTASTAR; Sustainability balanced scorecard (SBSC) (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/s10668-020-00724-y

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