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• W179665910 abstract "The selection of projects and programs of work is a key function of both public and private sector organisations. Ideally, projects and programs that are selected to be undertaken are consistent with strategic objectives for the organisation; will provide value for money and return on investment; will be adequately resourced and prioritised; will not compete with general operations for resources and not restrict the ability of operations to provide income to the organisation; will match the capacity and capability of the organisation to deliver; and will produce outputs that are willingly accepted by end users and customers. Unfortunately, this is not always the case. The paper represents progress findings from partial completion of a Master of Applied Science (Research) degree from the Queensland University of Technology, addressing the inhibitors to applying optimal project selection techniques. Possible inhibitors to optimal project portfolio selection include: processes that are inconsistent with the needs of the organisation; reluctance to use an approach that may not produce predetermined preferences; loss of control and perceived decision making power; reliance on quantitative methods rather than qualitative methods for justification; ineffective project and program sponsorship; unclear project governance, processes and linkage to business strategies; ignorance, taboos and perceived effectiveness; inadequate education and training about the processes and their importance." @default.
• W179665910 created "2016-06-24" @default.
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• W179665910 date "2010-08-01" @default.
• W179665910 modified "2023-09-26" @default.
• W179665910 title "INHIBITORS TO OPTIMAL PROJECT PORTFOLIO SELECTION" @default.
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