Application of net cash flow at risk in project portfolio selection

Article Portfolio Management, Risk Management 1 August 2016

Project Management Journal

Sharifi, Masoud Mohammad | Safari, Mojtaba

How to cite this article:

Sharifi, M. M. & Safari, M. (2016). Application of net cash flow at risk in project portfolio selection. Project Management Journal, 47(4), 68–78.
Project portfolio management deals with the selection of multiple projects. Because the number of potential projects that can be selected is greater than the number of projects that can be funded, managers face the problem of selecting a portfolio that maximizes the expected benefits. In this article, financial concepts are applied in the project portfolio and then cash flow at risk, as a measure in project portfolio optimization is developed. Finally, we propose a novel mathematical model for project selection.
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