EVALUATION CRITERIA OF PROJECTS AND PORTFOLIOS

Projects are unavoidable in today business thinking. Although important, factual knowledge of the topic of a project is not enough for achieving the awaited success. Managing projects is both art and science that allows the proper coordination of the tasks and the goals. Managing projects covers all activities about emerging problems in their complexity. Moreover, management attention cannot be limited to individual projects; a corporation may have a portfolio of several projects what requires coordination between the projects and even the corporate interest. The paper summarizes the relations between corporate level, projects and portfolios. There are the qualitative evaluation possibilities highlighted for supporting the coordination challenges.