5th WCSET-2016 at Vietnam
Technical Session - 2
Title:
Multiple Criteria Decision Analysis for Assessment
Project Success
Authors:
Thu Anh Nguyen, Phong Thanh Nguyen
Abstract:
Project success is a foundation to manage and control
the current project, plan, and orient the future
project. However, project success is a difficult concept
because of the project’s complexity and dynamic. So it
is a challenged decision-making process for any
organization to evaluate project success in real
practice. This paper provided an innovative, practical
list of criteria for project evaluation. It was
developed from three sources, which were the literature
review (theory), previous documents of completed
projects (industrial sources), and experts and
respondents (academic and human opinions). Moreover,
this research introduces a multi-criteria decision
analysis solution for evaluating construction project
success by using TOPSIS (The Technique for Order of
Preference by Similarity to Ideal Solution) technique.
This method is found to be useful when dealing with
plenty of assessment criteria and projects.
Keywords: Decision Analysis, TOPSIS,
Project Success, Construction Industry, evaluation
criteria
Pages:
138-140