Volume 5, Issue 8 (August 2018), Pages: 91-94
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Original Research Paper
Title: Ranking project success criteria in power engineering companies using fuzzy decision-making method
Author(s): Phong Thanh Nguyen 1, Thu Anh Nguyen 2, Quyen Le Hoang Thuy To Nguyen 1, *, Vy Dang Bich Huynh 1, Khoa Dang Vo 1
Affiliation(s):
1Department of Project Management, Ho Chi Minh City Open University (HCMCOU), Ho Chi Minh, Vietnam
2Department of Construction Engineering and Management, Ho Chi Minh University of Technology (HCMUT), Ho Chi Minh, Vietnam
https://doi.org/10.21833/ijaas.2018.08.011
Full Text - PDF XML
Abstract:
In the global market economy, most power consulting enterprises in Vietnam have many engineering investment projects. The successful implementation of investment projects is a vital part of their business. For projects to succeed, CEO and leaders in those firms must make the right criteria for evaluating projects. In real practice, it is not an easy task because there are many factors that influence the success of a project such as time, cost, quality, and the satisfaction of stakeholders, etc. Assessing the importance of these project success criteria is a complex multi-criterion decision problem. On the other hand, traditional assessment methods are often based on t customarily based on subjective opinions of the decision maker, resulting in the wrong decision. Therefore, this paper presents a new fuzzy decision-making method for weighting project success criteria in power consulting companies in Vietnam. This new method is expected to provide an objective measure in project success appraisal process.
© 2018 The Authors. Published by IASE.
This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
Keywords: Project management, Fuzzy logic, Analytical hierarchy process, Power company, Success criteria
Article History: Received 27 March 2018, Received in revised form 3 June 2018, Accepted 9 June 2018
Digital Object Identifier:
https://doi.org/10.21833/ijaas.2018.08.011
Citation:
Nguyen PT, Nguyen TA, and Nguyen QLHTT et al. (2018). Ranking project success criteria in power engineering companies using fuzzy decision-making method. International Journal of Advanced and Applied Sciences, 5(8): 91-94
Permanent Link:
http://www.science-gate.com/IJAAS/2018/V5I8/Nguyen.html
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