Decision support system for investment project selection using multi criteria approach the case of ministry of planning and national development
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Date
1999-07Author
Ngunjiri, James K
Type
ThesisLanguage
enMetadata
Show full item recordAbstract
Project evaluation and selection literature succinctly exhibits deficiencies on adequate
treatment of multiple, often interrelated criteria, inability to recognize and treat nonmonetary
aspects of project management evaluation and selection of projects.
This study, describes and adopts a systems approach to the project selection problem
and culminate by designing a Decision Support System (DSS) for project selection using a
multiple-criteria approach.
The DSS is two phased:
a) Appraisal phase that uses the Ideal Profile Method and
b) Project selection phase that uses heuristics that are governed by the decision-
. maker's judgment and influences
The DSS has a database that will contain the project details, factors considered in the
selection process, objectives pursued during the selection process It also allows for
expansion to include additional information like the prioritization criteria to that the ministry
follows in ranking its proposed projects and ongoing projects.
The study establishes that though factors and objectives are considered in the project
selection process, no evidence was obtained to show a terse procedure of how this is
done instead they are used to justify the project and give the investments priorities that
form the basis of ranking the projects. The DSS suggested in this study assists in
alleviating this by instituting clarity in the selection process and giving an audit trail that
improves on transparency and ,accountability.
Citation
Ngunjiri JK,July 1999;Decision Support System For Investment Project Selection Using Multi Criteria Approach The Case Of Ministry Of Planning And National Development.Publisher
University of Nairobi Faculty of commerce