Non-profit project portfolio evaluation and selection: a multi-criteria approach

Abstract

We study the problem of evaluating a set of project proposals and selecting a subset of the best projects among them. Through a review of the relevant literature, we found that the sector in which the analysed projects are carried out impacts the design of the project portfolio selection methodology to be used. In this paper, we focus on the project portfolio evaluation and selection processes in the non-profit sector. We propose new rule-based multi-criteria methodology based on SWOT analysis. The proposed approach is based on an original preference elicitation framework in which a key novelty is the definition of the relative importance of criteria on a two-dimensional scale.