A Resources Allocation Model for Multi-Project Management

TL;DR: A mathematical model which can be used in the phases of planning and organizing of a multi-project program that will optimize the costs of completing a group of linked projects while speeding up the realization of the whole program in order to save time.

Abstract: In this paper, we propose a mathematical model which can be used in the phases of planning and organizing of a multi-project program. The model will optimize the costs of completing a group of linked projects while speeding up the realization of the whole program in order to save time. We improve substantially a model that Wiley et al. (1998) had elaborated, and adapt it to the current requirements of the multi-project manager’s work, including the extensive use of subcontracting companies. We tested the model through a multi project case to ensure it will be efficient and safe in planning complex multi-project programs. We focused explicitly and practically on the optimization of shared human resources among the various projects in order to save time and lower the costs of the whole project.