Portfolio risk analysis by using multi criteria decision making method

Portfolio risk management is ever growing and needs to be understood to assist modern project management. A systematic decision making approach is required for helping decision makers to choose wisely under conditions of uncertainty in complex situations where there are several projects running at t...

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Main Author:	Ashoori, Omid
Format:	Thesis
Language:	English
Published:	2013
Subjects:	HD61 Risk Management
Online Access:	http://eprints.utm.my/id/eprint/33251/5/OmidaShooriMFKA2013.pdf
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id	my-utm-ep.33251
record_format	uketd_dc
spelling	my-utm-ep.332512017-09-11T00:23:36Z Portfolio risk analysis by using multi criteria decision making method 2013-01 Ashoori, Omid HD61 Risk Management Portfolio risk management is ever growing and needs to be understood to assist modern project management. A systematic decision making approach is required for helping decision makers to choose wisely under conditions of uncertainty in complex situations where there are several projects running at the same time. This approach should include all the thresholds and criteria which are important for the managers when they want to discriminate between their projects. The aim of this study is to develop a new framework for portfolio management of oil and gas organization which is handling several projects at the same time. The adopted methodology was combination of literature reviews, conducting nominal process and questionnaire survey to highlight the critical criteria from top management point of view when they want to discriminate between the projects. This method resulted in refined framework for structuring the hierarchy of decision making model. A multi-criteria approach has been used to determine the importance and severity of each project with respect to all managerial criteria for decision making. In the end, the severity and importance of the projects have been determined, overall risk severity factor is developed to rank the identified risk within portfolio. The study identified the managerial criteria to cope with portfolio risk management. Moreover, this study established the systematic methodology for using Multi Criteria Decision Making (MCDM) model to determine the severity of the risks in portfolio level. It is hope that this method will form the basis for portfolio risk assessment in oil and gas industry. 2013-01 Thesis http://eprints.utm.my/id/eprint/33251/ http://eprints.utm.my/id/eprint/33251/5/OmidaShooriMFKA2013.pdf application/pdf en public masters Universiti Teknologi Malaysia, Faculty of Civil Engineering Faculty of Civil Engineering
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	HD61 Risk Management
spellingShingle	HD61 Risk Management Ashoori, Omid Portfolio risk analysis by using multi criteria decision making method
description	Portfolio risk management is ever growing and needs to be understood to assist modern project management. A systematic decision making approach is required for helping decision makers to choose wisely under conditions of uncertainty in complex situations where there are several projects running at the same time. This approach should include all the thresholds and criteria which are important for the managers when they want to discriminate between their projects. The aim of this study is to develop a new framework for portfolio management of oil and gas organization which is handling several projects at the same time. The adopted methodology was combination of literature reviews, conducting nominal process and questionnaire survey to highlight the critical criteria from top management point of view when they want to discriminate between the projects. This method resulted in refined framework for structuring the hierarchy of decision making model. A multi-criteria approach has been used to determine the importance and severity of each project with respect to all managerial criteria for decision making. In the end, the severity and importance of the projects have been determined, overall risk severity factor is developed to rank the identified risk within portfolio. The study identified the managerial criteria to cope with portfolio risk management. Moreover, this study established the systematic methodology for using Multi Criteria Decision Making (MCDM) model to determine the severity of the risks in portfolio level. It is hope that this method will form the basis for portfolio risk assessment in oil and gas industry.
format	Thesis
qualification_level	Master's degree
author	Ashoori, Omid
author_facet	Ashoori, Omid
author_sort	Ashoori, Omid
title	Portfolio risk analysis by using multi criteria decision making method
title_short	Portfolio risk analysis by using multi criteria decision making method
title_full	Portfolio risk analysis by using multi criteria decision making method
title_fullStr	Portfolio risk analysis by using multi criteria decision making method
title_full_unstemmed	Portfolio risk analysis by using multi criteria decision making method
title_sort	portfolio risk analysis by using multi criteria decision making method
granting_institution	Universiti Teknologi Malaysia, Faculty of Civil Engineering
granting_department	Faculty of Civil Engineering
publishDate	2013
url	http://eprints.utm.my/id/eprint/33251/5/OmidaShooriMFKA2013.pdf
_version_	1747816116098433024

Portfolio risk analysis by using multi criteria decision making method

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