The use of resource allocation tools in project portfolio managament: Lithuanian case

Abstract

A wide variety of resource allocation models have been introduced over the years, including linear programming, scoring models, group decision techniques and so on. Some of these techniques are not widely used because they are too complex and require too much input data or they are too complicated for decision making. This paper presents the results of research carried out in Lithuanian enterprises on the use of resource allocation tools in making decisions concerning project portfolio management. Firstly, the background information on resource allocation models is given. This is followed by a review of advantages and disadvantages of existing models. Finally, the results of research into the situation in Lithuanian enterprises are presented.