Öz
Proje portföy yönetimi, üstlenilecek bir
projenin potansiyel finansal getirilerini analiz amacıyla proje yöneticileri ve
proje yönetim organizasyonları tarafından gerçekleştirilen bir süreci ifade
eder. Bu anlamda klasik yatırım projesi değerlendirmesinin ötesinde proje
portföy, yöneticinin kaynak kısıtlarını, şirketin stratejik yönelimini,
projenin olası risklerini de dikkate almak zorundadır. Bu bağlamda Net Bugünkü
Değer, Sermaye Tayınlama, Dengeli Puan Cetveli, Ticari Değer Analizi ve
Kazanılmış Değer Analizleri teknikleri ile senarize edilmiş örnekler üzerinden
çeşitli hesaplamalar yapılmış ve bu yolla sadece ne olduğunun değil aynı
zamanda nasıl yapılabileceği üzerinde durulmuştur. Alternatif yatırım
projelerinin değerlendirilmesinde özellikle Kazanılmış Değer Analizine kalite
boyutunu ekleyerek Çok Boyutlu Finansal Analiz yapmanın önemi vurgulanmıştır.
Anahtar Kelimeler
Proje Portföy Yönetimi Yatırım Projeleri Sermaye Tayınlama Ticari Değer Analizi Kazanılmış Değer Analizi
Kaynakça
- • ARUNKUMAR, S. VE JANAKIRAM N., (1989), Sermaye Verimlilik Ölçüsü: Bir Stratejik Amaç Olarak Yatırımın Getirisi Oranı (YGO) (Çev: İ. Melih BAŞ), MPM Verimlilik Dergisi, Sayı 1991/3, 7-24.
- • BABUSIAUX, D. & PIERRU, A., (2009), Investment project valuation: A new equity perspective, The Engineering Economist, 54 (2), 101-108.
- • BAŞ, M. İ., (1994), İşletme Yönetiminde Risk, Tekstil İşveren Dergisi, Sayı: 180 (Temmuz-Ağustos).
- • BAŞ, M. İ., ARTAR, A., (1990), İşletmelerde Verimlilik Denetimi: Ölçme ve Değerlendirme Modelleri, Yayın No: 435, MPM Verimlilik Ölçme ve İzleme Bölümü, Ankara.
- • BAUMOL, W. J. & QUANDT, R. E., (1965), Investment and discount rates under capital rationing--a programming approach, The Economic Journal, 75 (298), 317-329.
- • CARMEN, G., RAILEANU, A. & RUSU, E., (2017), The Earned Value Management-a measurement technique of the performance of the costs and labor in the Project, Acta Universitatis Danubius, Economica, 13 (2).
- • COOPER, R. G., (2017), Winning at new products: Accelerating the process from idea to launch.
- • DODSON, M., DEFAVARI, G. & DE CARVALHO, V., (2015), Quality: The Third Element of Earned Value Management, Procedia Computer Science, 64, 932-939.
- • FLEMING, Q. W. & KOPPELMAN, J. M., (2010), Earned Value Project Management (4th Edition), Project Management Institute.
- • FLEMING, Q. & KOPPELMAN, J., (2009), The two most useful earned value metrics: The CPI and the TCPI, Cost Engineering, 51 (3), 16-18.
- • GHASEMI, F., SARI, M., YOUSEFI, V., FALSAFI, R. & TAMOŠAITIENĖ, J., (2018), Project portfolio risk identification and analysis, considering project risk interactions and using Bayesian Networks, Sustainability, 10 (5), 1609.
- • JURAN, J. M., GODFREY, B. A., (2011), The Quality Control Process (Section 4), Excerpted from Juran's Handbook 5th edition, McGraw-Hill.
- • KAGAN, J., (2017), Financial Plan, https://www.investopedia.com/terms/f/financial_plan.asp, Erişim Tarihi: 07.04.2019.
- • KAGAN, J., (2018), Total Cost of Ownership – TCO, https://www.investopedia.com/terms/t/totalcostofownership.asp, Erişim Tarihi: 21.03.2019.
- • LEVINE, H. A., (2005), Project Portfolio Management: A Practical Guide to Selecting Projects, Managing Portfolios, and Maximizing Benefits, John Wiley & Sons.
- • MEREDITH, G. G., (1965), Capital rationing and the determination of the firm's performance standards for capital investment analysis.
- • MOUSTAFAEV, J., (2017), Project Portfolio Management in Theory and Practice: Thirty Case Studies from Around the World, Taylor & Francis Group.
- • NAGRECHA, S., (2002), An introduction to Earned Value Analysis, https://docplayer.net/1921980-An-introduction-to-earned-value-analysis.html, Erişim Tarihi: 03.04.2019.
- • PLANVIEW, (2019), Project Portfolio Management Defined, https://www.planview.com/resources/articles/project-portfolio-management-defined/, Erişim Tarihi: 21.03.2019.
- • PROJECT MANAGEMENT INSTITUTE, (2008), A Guide to the Project Management Body of Knowledge (PMBOK GUIDE), Fourth Edition.
- • PROJECT MANAGEMENT INSTITUTE, (2011), Practice standard for earned value management, Project Management Institute, Incorporated.
- • ROSE, K., (2014), Project Quality Management: Why, What and How, J. Ross Publishing.
- • ROSEKE, B., (2018), Estimate to Complete (Earned Value Analysis), Project Engineer, https://www.projectengineer.net/estimate-to-complete-earned-value-analysis/; Erişim Tarihi: 04.04.2019.
- • SPA DOCUMANTATION, Expected Commercial Value, http://fmis.minfin.bg/help/EN/ea/f167df9f794f349c55adffafd38799/content.htm, Erişim Tarihi: 01.04.2019.
- • TROTTA, R., GARDENER., C., (2005), How to Determine the Value of a Project, Project Portfolio Management: A Practical Guide to Selecting Projects, Managing Portfolios, and Maximizing Benefits, John Wiley & Sons.
- • UNITED NATIONS DEVELOPMENT PROGRAM, (UNDP), (2011), Programmes and Projects, https://www.undp.org/content/dam/undp/library/corporate/Programme%20and%20Operations%20Policies%20and%20Procedures/Programmes-and-Projects-20-Nov-2011.pdf, Erişim Tarihi: 08.04.2019.
- • UNITED NATIONS DEVELOPMENT PROGRAM, (UNDP), (2017), UNDP Strategic Plan, 2018-2021, https://undocs.org/DP/2017/38, Erişim Tarihi: 08.04.2019.
- • YALKIN, K. Y., DOĞAN, A., BAŞ, M. İ., (1988), Kamu İktisadi Teşebbüsleri Esnek Bütçeli Standart Maliyet Sistemi El Kitabı, Milli Prodüktivite Merkezi Yayınları: 378, Ankara.
Öz
Project portfolio management refers to a
process carried out by project managers and project management organizations to
analyse the potential financial returns of a project to be undertaken. In this
sense, beyond the classical investment project evaluation, it is necessary to
consider the resource constraints of the project portfolio manager, the
strategic orientation of the company, and the possible risks of the project. In
this context, various calculations have been made on the scenarios that are
prepared by using Net Present Value, Capital Rationing, Balanced Scorecard,
Commercial Value Analysis and Earned Value Analysis techniques. In the
evaluation of alternative investment projects, the importance of multidimensional
financial analysis was emphasized by adding quality dimension to Earned Value
Analysis.
Anahtar Kelimeler
Project Portfolio Management Investment Projects Capital Rationing Commercial Value Analysis Earned Value Analysis
Kaynakça
- • ARUNKUMAR, S. VE JANAKIRAM N., (1989), Sermaye Verimlilik Ölçüsü: Bir Stratejik Amaç Olarak Yatırımın Getirisi Oranı (YGO) (Çev: İ. Melih BAŞ), MPM Verimlilik Dergisi, Sayı 1991/3, 7-24.
- • BABUSIAUX, D. & PIERRU, A., (2009), Investment project valuation: A new equity perspective, The Engineering Economist, 54 (2), 101-108.
- • BAŞ, M. İ., (1994), İşletme Yönetiminde Risk, Tekstil İşveren Dergisi, Sayı: 180 (Temmuz-Ağustos).
- • BAŞ, M. İ., ARTAR, A., (1990), İşletmelerde Verimlilik Denetimi: Ölçme ve Değerlendirme Modelleri, Yayın No: 435, MPM Verimlilik Ölçme ve İzleme Bölümü, Ankara.
- • BAUMOL, W. J. & QUANDT, R. E., (1965), Investment and discount rates under capital rationing--a programming approach, The Economic Journal, 75 (298), 317-329.
- • CARMEN, G., RAILEANU, A. & RUSU, E., (2017), The Earned Value Management-a measurement technique of the performance of the costs and labor in the Project, Acta Universitatis Danubius, Economica, 13 (2).
- • COOPER, R. G., (2017), Winning at new products: Accelerating the process from idea to launch.
- • DODSON, M., DEFAVARI, G. & DE CARVALHO, V., (2015), Quality: The Third Element of Earned Value Management, Procedia Computer Science, 64, 932-939.
- • FLEMING, Q. W. & KOPPELMAN, J. M., (2010), Earned Value Project Management (4th Edition), Project Management Institute.
- • FLEMING, Q. & KOPPELMAN, J., (2009), The two most useful earned value metrics: The CPI and the TCPI, Cost Engineering, 51 (3), 16-18.
- • GHASEMI, F., SARI, M., YOUSEFI, V., FALSAFI, R. & TAMOŠAITIENĖ, J., (2018), Project portfolio risk identification and analysis, considering project risk interactions and using Bayesian Networks, Sustainability, 10 (5), 1609.
- • JURAN, J. M., GODFREY, B. A., (2011), The Quality Control Process (Section 4), Excerpted from Juran's Handbook 5th edition, McGraw-Hill.
- • KAGAN, J., (2017), Financial Plan, https://www.investopedia.com/terms/f/financial_plan.asp, Erişim Tarihi: 07.04.2019.
- • KAGAN, J., (2018), Total Cost of Ownership – TCO, https://www.investopedia.com/terms/t/totalcostofownership.asp, Erişim Tarihi: 21.03.2019.
- • LEVINE, H. A., (2005), Project Portfolio Management: A Practical Guide to Selecting Projects, Managing Portfolios, and Maximizing Benefits, John Wiley & Sons.
- • MEREDITH, G. G., (1965), Capital rationing and the determination of the firm's performance standards for capital investment analysis.
- • MOUSTAFAEV, J., (2017), Project Portfolio Management in Theory and Practice: Thirty Case Studies from Around the World, Taylor & Francis Group.
- • NAGRECHA, S., (2002), An introduction to Earned Value Analysis, https://docplayer.net/1921980-An-introduction-to-earned-value-analysis.html, Erişim Tarihi: 03.04.2019.
- • PLANVIEW, (2019), Project Portfolio Management Defined, https://www.planview.com/resources/articles/project-portfolio-management-defined/, Erişim Tarihi: 21.03.2019.
- • PROJECT MANAGEMENT INSTITUTE, (2008), A Guide to the Project Management Body of Knowledge (PMBOK GUIDE), Fourth Edition.
- • PROJECT MANAGEMENT INSTITUTE, (2011), Practice standard for earned value management, Project Management Institute, Incorporated.
- • ROSE, K., (2014), Project Quality Management: Why, What and How, J. Ross Publishing.
- • ROSEKE, B., (2018), Estimate to Complete (Earned Value Analysis), Project Engineer, https://www.projectengineer.net/estimate-to-complete-earned-value-analysis/; Erişim Tarihi: 04.04.2019.
- • SPA DOCUMANTATION, Expected Commercial Value, http://fmis.minfin.bg/help/EN/ea/f167df9f794f349c55adffafd38799/content.htm, Erişim Tarihi: 01.04.2019.
- • TROTTA, R., GARDENER., C., (2005), How to Determine the Value of a Project, Project Portfolio Management: A Practical Guide to Selecting Projects, Managing Portfolios, and Maximizing Benefits, John Wiley & Sons.
- • UNITED NATIONS DEVELOPMENT PROGRAM, (UNDP), (2011), Programmes and Projects, https://www.undp.org/content/dam/undp/library/corporate/Programme%20and%20Operations%20Policies%20and%20Procedures/Programmes-and-Projects-20-Nov-2011.pdf, Erişim Tarihi: 08.04.2019.
- • UNITED NATIONS DEVELOPMENT PROGRAM, (UNDP), (2017), UNDP Strategic Plan, 2018-2021, https://undocs.org/DP/2017/38, Erişim Tarihi: 08.04.2019.
- • YALKIN, K. Y., DOĞAN, A., BAŞ, M. İ., (1988), Kamu İktisadi Teşebbüsleri Esnek Bütçeli Standart Maliyet Sistemi El Kitabı, Milli Prodüktivite Merkezi Yayınları: 378, Ankara.
Ayrıntılar
| Birincil Dil | Türkçe |
|---|---|
| Bölüm | Makaleler |
| Yazarlar | |
| Yayımlanma Tarihi | 13 Ocak 2020 |
| Gönderilme Tarihi | 21 Eylül 2019 |
| Yayımlandığı Sayı | Yıl 2020 Sayı: 1 |
- Makale Dosyaları
Verimlilik Dergisi Creative Commons Atıf-GayrıTicari 4.0 Uluslararası Lisansı (CC BY-NC 4.0) ile lisanslanmıştır.