Strategy Analysis for project portfolio evaluation in a technology consulting company by the hybrid method THOR

Abstract

Regarding the scope of project portfolio management, the correct prioritization of actions leads to the achievement of the organizational strategic objectives. Based on the strategic planning of a technology consulting company, the paper presents an alternative model for project prioritization from the moment that the project selection decision is a vital process in technological associations in two ways. First, the software development project budget requires a large investment and must be in alignment with the strategic objectives of the company. Second, the multidimensionality of organizational returns on projects is naturally risky in terms of the expected outcome. This study considers the project analysis based on a multicriteria approach by the THOR method, providing to make a transparent evaluation, highlighting the most important variables concerning the problem, and making the identification of the most favorable solution.