IDEAS home Printed from https://ideas.repec.org/a/inm/orinte/v45y2015i5p391-408.html
   My bibliography  Save this article

A Decision-Making Framework for Project Portfolio Planning at Intel Corporation

Author

Listed:
  • Siddhartha Sampath

    (Decision Engineering Group, Intel Corporation, Chandler, Arizona 85226)

  • Esma S. Gel

    (School of Computing, Informatics, and Decision Systems Engineering, Ira A. Fulton Schools of Engineering, Arizona State University, Tempe, Arizona 85281)

  • John W. Fowler

    (Supply Chain Management Department, W. P. Carey School of Business, Arizona State University, Tempe, Arizona 85287)

  • Karl G. Kempf

    (Decision Engineering Group, Intel Corporation, Chandler, Arizona 85226)

Abstract

The work we describe addresses the problem of deciding between project-funding opportunities under budget and headcount constraints. Although the projects lead to products that yield revenue in the market, complex interactions between the projects and products make the selection of a portfolio difficult. Furthermore, the senior managers in the company have a wealth of business intuition that can inform the required decisions. We combine modeling, simulation, and optimization techniques to provide a set of the best portfolios possible from the proposed projects and resulting products. We also provide a rich set of analysis and visualization tools for the decision makers to use in exploring the suggested portfolios and applying their intuition to make the final selection. The resulting interplay between analytics and intuition produces better business solutions through a more focused and effective debate in a shorter time than previously achieved.

Suggested Citation

  • Siddhartha Sampath & Esma S. Gel & John W. Fowler & Karl G. Kempf, 2015. "A Decision-Making Framework for Project Portfolio Planning at Intel Corporation," Interfaces, INFORMS, vol. 45(5), pages 391-408, October.
    • Handle: RePEc:inm:orinte:v:45:y:2015:i:5:p:391-408
    DOI: 10.1287/inte.2015.0809
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/inte.2015.0809
    Download Restriction: no
    File URL: https://libkey.io/10.1287/inte.2015.0809?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. V. Krishnan & Karl T. Ulrich, 2001. "Product Development Decisions: A Review of the Literature," Management Science, INFORMS, vol. 47(1), pages 1-21, January.
    2. Matthew J. Liberatore & George J. Titus, 1983. "The Practice of Management Science in R&D Project Management," Management Science, INFORMS, vol. 29(8), pages 962-974, August.
    3. Gerd Gigerenzer & Reinhard Selten (ed.), 2002. "Bounded Rationality: The Adaptive Toolbox," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262571641, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Christian Thies & Christoph Hüls & Karsten Kieckhäfer & Jörg Wansart & Thomas S. Spengler, 2022. "Project portfolio planning under CO2 fleet emission restrictions in the automotive industry," Journal of Industrial Ecology, Yale University, vol. 26(3), pages 937-951, June.
    2. Theresa Eckert & Stefan Hüsig, 2022. "Innovation portfolio management: a systematic review and research agenda in regards to digital service innovations," Management Review Quarterly, Springer, vol. 72(1), pages 187-230, February.
    3. Liesiö, Juuso & Salo, Ahti & Keisler, Jeffrey M. & Morton, Alec, 2021. "Portfolio decision analysis: Recent developments and future prospects," European Journal of Operational Research, Elsevier, vol. 293(3), pages 811-825.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hazhir Rahmandad & Nelson Repenning, 2016. "Capability erosion dynamics," Strategic Management Journal, Wiley Blackwell, vol. 37(4), pages 649-672, April.
    2. Aspasia Tsaoussi & Eleni Zervogianni, 2010. "Judges as satisficers: a law and economics perspective on judicial liability," European Journal of Law and Economics, Springer, vol. 29(3), pages 333-357, June.
    3. Bookhagen, Andrea & Sperber, Sonja, 2017. "Kundenintegration in den Entwicklungsprozess von Produktinnovationen durch Crowdsourcing," PraxisWISSEN Marketing: German Journal of Marketing, AfM – Arbeitsgemeinschaft für Marketing, vol. 2(01/2017), pages 21-37.
    4. Wallace J. Hopp & Xiaowei Xu, 2005. "Product Line Selection and Pricing with Modularity in Design," Manufacturing & Service Operations Management, INFORMS, vol. 7(3), pages 172-187, August.
    5. Nicolas Marciales Parra, 2013. "A mathematical model for consumers based on aspiration adaptation theory and bounded rationality," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 5(1), pages 136-143, June.
    6. Binder, Carola C., 2017. "Measuring uncertainty based on rounding: New method and application to inflation expectations," Journal of Monetary Economics, Elsevier, vol. 90(C), pages 1-12.
    7. Barry L. Bayus, 2013. "Crowdsourcing New Product Ideas over Time: An Analysis of the Dell IdeaStorm Community," Management Science, INFORMS, vol. 59(1), pages 226-244, June.
    8. Galbreath, Jeremy, 2017. "Drivers Of Environmental Sustainability In Wine Firms: The Role And Effect Of Women In Leadership," Working Papers 253851, American Association of Wine Economists.
    9. Giovanni Dosi & Marcelo C. Pereira & Maria Enrica Virgillito, 2017. "The footprint of evolutionary processes of learning and selection upon the statistical properties of industrial dynamics," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 26(2), pages 187-210.
    10. Bubshait, K.A. & Selen, W.J., 1988. "Estimation of the relationship between project attributes and the implementation of engineering management tools," Other publications TiSEM e9acbbbc-af11-43c8-8632-3, Tilburg University, School of Economics and Management.
    11. Nguyen Trong Luan & Doan Nguyen Duy Hau & Nguyen Thi Anh Thu, 2022. "The Influence of Green Product Development Performance to Enhance Enterprise Effectiveness and Innovation," Economies, MDPI, vol. 10(5), pages 1-21, May.
    12. Schriber, Svante & Löwstedt, Jan, 2015. "Tangible resources and the development of organizational capabilities," Scandinavian Journal of Management, Elsevier, vol. 31(1), pages 54-68.
    13. Caniato, Federico & Caridi, Maria & Moretto, Antonella & Sianesi, Andrea & Spina, Gianluca, 2014. "Integrating international fashion retail into new product development," International Journal of Production Economics, Elsevier, vol. 147(PB), pages 294-306.
    14. Zeki Ayağ, 2016. "An integrated approach to concept evaluation in a new product development," Journal of Intelligent Manufacturing, Springer, vol. 27(5), pages 991-1005, October.
    15. Berchicci, L. & Tucci, C.L., 2008. "Market Feedback and Team Commitment in Radical Product Innovation Process," ERIM Report Series Research in Management ERS-2008-069-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    16. Filippini, Massimo & Hirl, Bettina & Masiero, Giuliano, 2018. "Habits and rational behaviour in residential electricity demand," Resource and Energy Economics, Elsevier, vol. 52(C), pages 137-152.
    17. Eric Stevens & Ronald Boucher, 2020. "Designing Co-Creation Platforms: The Case of Configurators Toolkits," Post-Print hal-02872485, HAL.
    18. L. G. Pee, 2016. "Customer co-creation in B2C e-commerce: does it lead to better new products?," Electronic Commerce Research, Springer, vol. 16(2), pages 217-243, June.
    19. Joan Calzada & Tommaso M. Valletti, 2012. "Intertemporal Movie Distribution: Versioning When Customers Can Buy Both Versions," Marketing Science, INFORMS, vol. 31(4), pages 649-667, July.
    20. Pennings, Clint L.P. & van Dalen, Jan & Rook, Laurens, 2019. "Coordinating judgmental forecasting: Coping with intentional biases," Omega, Elsevier, vol. 87(C), pages 46-56.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:orinte:v:45:y:2015:i:5:p:391-408. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.