Budget allocation optimization in a complex multi-project environment

Abstract

Most organizations are complex environments, where multiple projects interact with each other in many different ways. Projects can collaborate either serially or in parallel, yet at other times they compete with each other to test different approaches for the same goal. In such organizations, it is not uncommon for the wrong project to be funded or a right project to be under funded apparently for all the right reasons. In turn these project failures can cause big problems to their dependent projects, even having catastrophic impacts to the whole organization. © 2012 IEEE.