Project Portfolio Selection Based on Risk Criteria

Student: Tyulkina Yuliya

Educational Programme: Management (Bachelor)

Year of Graduation: 2019

Nowadays, the practice of portfolio management has become significantly devel-oped. Project management experts consider processes of selecting projects and programs included in their portfolio as a tactical goal of any organization aiming to implement a long-term strategy. This practice is highly relevant in the oil and gas projects, as one of their main features is the extended realization period. This paper provides with the analysis of the practices of project portfolio selec-tion, taking into account risk factors and specific aspects of the oil and gas industry. The study of portfolio optimization practices depicts that there exists a lot of vari-ous mathematical, economic and graphical methods for the optimization and selection of projects for the portfolio. In practice, the methods of linear programming were applied, as well as the Monte Carlo method for the project selection and maximization of NPV with respect to risk factors of oil production projects in company.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses