Projects portfolio determination based on key stakeholders’ expectations and requirements: Evidence from public university projects

Abstract

Project stakeholder management deals with managing and fulfilling stakeholder expectations and has tended to focus on the stakeholders of the organization or the project viewpoint. The thematic, spatial and temporal objects of the research were to analyze the stakeholders and projects portfolio determination based on key stakeholders of a public university in Iran in 2019. In first step, stakeholders are identified. There are 12 stakeholder groups involved the university under study. In the second step using the power/interest matrix, stakeholder categorization and positioning was performed. In the following, a mathematical model for optimizing the portfolio of projects was presented and solved. This model was developed to maximize college profit while simultaneously considering the expectations and the requirements of four key stakeholders-the board of trustees, faculty members, researchers and the Ministry of Science. These findings may mainly reflect the strategic decisions at the university.