A Systems Engineering Approach To Optimizing Project Selection For Portfolio-Type Research And Development Programs: A Case Study Of Navfac Exwc's Naval Innovative Science And Engineering Program
Naval Postgraduate School Monterey United States
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This thesis applies systems engineering principles to improve project selection in portfolio-type research and development programs using the Naval Innovative Science and Engineering program as a case study. Qualitative and quantitative value modeling and integer linear programming optimization aided in the selection process. The resulting optimized portfolio increased the number of funded projects by 20 percent in comparison to the non-optimized portfolio. In addition, it has a 13.9 percent increase in value in comparison to the non-optimized portfolio. The primary stakeholders were engaged throughout the process and concurred with the results not only due to the merit of the findings, but also because the process created is defendable and repeatable.
- Administration and Management
- Operations Research