The research focuses on the selection and prioritization of Continuous Improvement (CI)projects in organizations. This study emphasizes the importance of recognizing appropriatecriteria for selecting projects that align with an organization's needs, skills, and goals. Thechosen criteria are prioritized to ensure that those are crucial to the overall success and have themost significant influence on project decisions. The criteria are obtained through a literaturereview and interviews with the management team in the company. Finally, six critical criteriaare considered for the organization, Health & Safety, Impact on Customers, Financial Impact,Impact on Business Strategy, Risk of Project, and Project Duration. A survey has beenconducted to weight and prioritize the selected criteria based on their importance by using theAnalytic Hierarchy Process (AHP) method.Additionally, the research focuses on the utilization of AHP and Failure Mode and EffectAnalysis (FMEA) in supporting organization project selection. In the following, six CI projectsfrom the organization portfolio are selected to be ranked and weighted based on the criteria’sweight by using the AHP method. The overall weight of each project evaluates as a benefit ofthe project. FMEA, on the other hand, helps identify and address potential failures and risksassociated with projects. By combining AHP and FMEA, organizations can gain acomprehensive understanding of project risks and benefits and make informed decisions onproject selection. To facilitate a holistic understanding, a benefit-risk matrix that integrates theevaluation of both the benefits and risks of the projects is presented. This matrix will serve as avisual representation, enabling decision-makers to assess the trade-offs and make informeddecisions. The final proposed model based on AHP simplifies and organizes the decisionmaking process for the case company and ensures structure and consistency.The overall conclusion highlights the benefits of using the proposed methods, such as improveddecision-making, alignment with organizational goals, and resource optimization. This methodemphasizes the need for a structured approach to project selection and acknowledges thesignificance of risk assessment in project management.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:mdh-63038 |
| Date | January 2023 |
| Creators | Prakash, Roopa Attibele, Edalati, Adeleh |
| Publisher | Mälardalens universitet, Akademin för innovation, design och teknik |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
| Relation | Mälardalen Studies in Educational Sciences |
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