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Institute for Manufacturing |
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Centre for Technology Management
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Valuing and Selecting Small Portfolios of Projects
R. Mitchell, F. Hunt, C. Romito and D. Probert Centre for Technology Management, Institute for Manufacturing, Engineering Department, University of Cambridge, UK AbstractValuation methods that involve calculating a statistical expectation value are inadequate and misleading for single projects and small portfolios. For these the full range of outcomes must be considered, balancing the possibility of loss or gain. Two new tools, the Value Range Diagram and the Risk Aversion Diagram are proposed to help managers assess small portfolios.
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This page is from the Institute for Manufacturing, Department of Engineering, University of Cambridge
www.ifm.eng.cam.ac.uk
