Specifics of multi-project management: interaction and resources constraints

Abstract

Multi-project management is fundamentally different from the control of a particular project or a set of slightly interconnected projects in terms of complexity and specifics. In multiproject management of the company production it is important to analyze the innovation interaction and its impact on the commercialization stage. A multiparameter factor of innovations interaction was introduced. The optimization problem which considers this factor was mathematically defined. The solution of this problem produces a schedule of innovations launches. This problem definition allows updating the objective function that corresponds to the aims of a manufacturing company. For example, it can help maximize the number of interdependent innovations with restrictions to current tangible and intangible resources or minimize the number of used tangible resources at a fixed number of innovations implemented. In order to verify the optimization problem an evolutionary approach based on genetic algorithm and local search is used. The verification was performed by the Solver a Microsoft Excel add-in. The readiness for practical use of the proposed solution was proved by the experiment.