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on Project, Program and Portfolio Management |
| By: | Yurun Ge; Lucas B\"ottcher; Tom Chou; Maria R. D'Orsogna |
| Abstract: | Collective decision-making is the process through which diverse stakeholders reach a joint decision. Within societal settings, one example is participatory budgeting, where constituents decide on the funding of public projects. How to most efficiently aggregate diverse stakeholder inputs on a portfolio of projects with uncertain long-term benefits remains an open question. We address this problem by studying collective decision-making through the integration of preference aggregation and knapsack allocation methods. Since different stakeholder groups may evaluate projects differently, we examine several aggregation methods that combine their diverse inputs. The aggregated evaluations are then used to fill a ``collective'' knapsack. Among the methods we consider are the arithmetic mean, Borda-type rankings, and delegation to experts. We find that the factors improving an aggregation method's ability to identify projects with the greatest expected long-term value include having many stakeholder groups, moderate variation in their expertise levels, and some degree of delegation or bias favoring groups better positioned to objectively assess the projects. We also discuss how evaluation errors and heterogeneous costs impact project selection. Our proposed aggregation methods are relevant not only in the context of funding public projects but also, more generally, for organizational decision-making under uncertainty. |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2409.13236 |
| By: | Congressional Budget Office |
| Abstract: | The federal government provides funds for flood adaptations—projects aimed at preventing damage from flooding. Those projects include constructing dams and levees, restoring beaches, and elevating or buying out individual properties. In this report, CBO finds that future damage could be reduced by an average of $2 to $3 for each dollar spent for flood adaptations. |
| JEL: | H84 Q54 Q58 |
| Date: | 2024–09–30 |
| URL: | https://d.repec.org/n?u=RePEc:cbo:report:59971 |
| By: | Eddy Garcia (MRM - Montpellier Research in Management - UPVD - Université de Perpignan Via Domitia - UM - Université de Montpellier, UM - Université de Montpellier); Stephany Eric (MRM - Montpellier Research in Management - UPVD - Université de Perpignan Via Domitia - UM - Université de Montpellier, UM - Université de Montpellier) |
| Abstract: | Our study explores the impact of Design Thinking (DT) (Brown 2008) on the performance of innovative companies during the initialization phase of governance within the specific framework of seed funding. Our analysis highlights the role of DT in understanding the emotional mechanisms (Goglin 2020) necessary to optimize stakeholder relationships in a context of uncertainty. In this article, we analyze how DT improves decision-making, fosters social innovation, and how its integration into governance can lead to financing strategies that are consistent with those defined during the business plan design. Through a literature review, we observe that emotional levers can influence the performance of innovative companies, while suggesting that DT can develop more informed financing strategies by better leveraging cognitive mechanisms. Our article opens up future opportunities on the theoretical approach to specific tools based on empathetic and narrative methods, or informational exchanges between factual and conceptual environments, to better understand the needs of both investors and entrepreneurs. This can lead to better communication between stakeholders, helping to manage, for example, 'adverse selection' and 'information asymmetry' (Kaplan and Stromberg 2003; Lerner 1994). By focusing particularly on the interrelational exchanges of stakeholders, this exploratory study emphasizes the importance of integrating DT to reduce the sense of uncertainty (Wallmeroth, Wirtz, and Groh, 2018), thereby optimizing the company's financial and operational performance at a crucial stage of its development: the due diligence phase. |
| Abstract: | Notre étude explore l'impact du Design Thinking (DT) (Brown 2008) sur la performance des entreprises innovantes dans la phase d'initialisation d'une gouvernance liée au cadre particulier du financement d'amorçage. Notre analyse met en lumière le rôle du DT dans la compréhension des mécanismes émotionnels (Goglin 2020) nécessaires pour optimiser la relation que les parties prenantes entretiennent dans un contexte d'incertitude. Nous analysons dans cet article la manière dont le DT améliore la prise de décision, favorise l'innovation sociale, et comment son intégration dans la gouvernance peut conduire à des stratégies de financement cohérentes avec les stratégies définies lors de la conception du business plan. A travers une revue de la littérature, nous relevons que des leviers émotionnels peuvent agir sur la performance des entreprises innovantes, tout en suggérant que le DT peut développer des stratégies de financement plus éclairées grâce à une meilleure exploitation des mécanismes cognitifs. Notre article ouvre des opportunités futures sur l'approche théorique d'outils spécifiques s'appuyant sur des méthodes empathiques et narratives, ou des échanges informationnels entre environnements factuels et conceptuels, pour mieux comprendre les besoins des investisseurs et ceux des entrepreneurs. Ce qui peut conduire à une meilleure communication entre les parties prenantes pour mieux gérer par exemple la 'sélection adverse' et 'l'asymétrie d'information' (Kaplan et Stromberg 2003 ; Lerner 1994). En se concentrant particulièrement sur les échanges interrelationnels des parties prenantes, cette étude exploratoire souligne l'importance d'intégrer le DT pour favoriser la réduction du sentiment d'incertitude (Wallmeroth, Wirtz et Groh, 2018), et ainsi optimiser les performances financières et opérationnelles de l'entreprise à un moment crucial de son développement : la phase de due diligence. |
| Keywords: | gouvernance des entreprises innovantes due diligence design thinking émotions, gouvernance des entreprises innovantes, due diligence, design thinking, émotions |
| Date: | 2024–06–03 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04691556 |
| By: | Eddy Garcia (MRM - Montpellier Research in Management - UPVD - Université de Perpignan Via Domitia - UM - Université de Montpellier, UM - Université de Montpellier); Stephany Eric (MRM - Montpellier Research in Management - UPVD - Université de Perpignan Via Domitia - UM - Université de Montpellier, UM - Université de Montpellier) |
| Abstract: | Our study explores the impact of Design Thinking (DT) (Brown 2008) on the performance of innovative companies during the initialization phase of governance within the specific framework of seed funding. Our analysis highlights the role of DT in understanding the emotional mechanisms (Goglin 2020) necessary to optimize stakeholder relationships in a context of uncertainty. In this article, we analyze how DT improves decision-making, fosters social innovation, and how its integration into governance can lead to financing strategies that are consistent with those defined during the business plan design. Through a literature review, we observe that emotional levers can influence the performance of innovative companies, while suggesting that DT can develop more informed financing strategies by better leveraging cognitive mechanisms. Our article opens up future opportunities on the theoretical approach to specific tools based on empathetic and narrative methods, or informational exchanges between factual and conceptual environments, to better understand the needs of both investors and entrepreneurs. This can lead to better communication between stakeholders, helping to manage, for example, 'adverse selection' and 'information asymmetry' (Kaplan and Stromberg 2003; Lerner 1994). By focusing particularly on the interrelational exchanges of stakeholders, this exploratory study emphasizes the importance of integrating DT to reduce the sense of uncertainty (Wallmeroth, Wirtz, and Groh, 2018), thereby optimizing the company's financial and operational performance at a crucial stage of its development: the due diligence phase. |
| Abstract: | Notre étude explore l'impact du Design Thinking (DT) (Brown 2008) sur la performance des entreprises innovantes dans la phase d'initialisation d'une gouvernance liée au cadre particulier du financement d'amorçage. Notre analyse met en lumière le rôle du DT dans la compréhension des mécanismes émotionnels (Goglin 2020) nécessaires pour optimiser la relation que les parties prenantes entretiennent dans un contexte d'incertitude. Nous analysons dans cet article la manière dont le DT améliore la prise de décision, favorise l'innovation sociale, et comment son intégration dans la gouvernance peut conduire à des stratégies de financement cohérentes avec les stratégies définies lors de la conception du business plan. A travers une revue de la littérature, nous relevons que des leviers émotionnels peuvent agir sur la performance des entreprises innovantes, tout en suggérant que le DT peut développer des stratégies de financement plus éclairées grâce à une meilleure exploitation des mécanismes cognitifs. Notre article ouvre des opportunités futures sur l'approche théorique d'outils spécifiques s'appuyant sur des méthodes empathiques et narratives, ou des échanges informationnels entre environnements factuels et conceptuels, pour mieux comprendre les besoins des investisseurs et ceux des entrepreneurs. Ce qui peut conduire à une meilleure communication entre les parties prenantes pour mieux gérer par exemple la 'sélection adverse' et 'l'asymétrie d'information' (Kaplan et Stromberg 2003 ; Lerner 1994). En se concentrant particulièrement sur les échanges interrelationnels des parties prenantes, cette étude exploratoire souligne l'importance d'intégrer le DT pour favoriser la réduction du sentiment d'incertitude (Wallmeroth, Wirtz et Groh, 2018), et ainsi optimiser les performances financières et opérationnelles de l'entreprise à un moment crucial de son développement : la phase de due diligence. |
| Keywords: | gouvernance des entreprises innovantes due diligence design thinking émotions, gouvernance des entreprises innovantes, due diligence, design thinking, émotions |
| Date: | 2024–05–23 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04691550 |
| By: | Opono, Samuel; Ahimbisibwe, Frank |
| Abstract: | This policy brief, based on a research project funded by VLIR-UOS, focuses on sustainable refugee integration in Uganda, the largest refugee-hosting country in Africa. The project highlights the vulnerabilities and resilience of elderly refugees, aiming to improve their integration into host communities and inform policy interventions through engagement with policymakers. |
| Keywords: | Uganda, South Sudan, refugees |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:iob:apbrfs:2024007 |
| By: | Chukwunonso Ekesiobi (Anambra State, Nigeria); Stephen Obinozie Ogwu (Asaba, Delta State, Nigeria); Joshua Chukwuma Onwe (Enugu State, Nigeria); Ogonna Ifebi (Anambra State, Nigeria); Precious Muhammed Emmanuel (University of Ibadan, Nigeria); Kingsley Nze Ashibogwu (Ozoro, Delta) |
| Abstract: | Our study assesses financial development and debt status impact on energy efficiency in Nigeria as a developing economy. We combined the Autoregressive Distributed Lag (ARDL), FMOLS, and CCR analytical methods to estimate the parameters for energy efficiency policy recommendations. Secondary data between 1990 and 2020 were used for the analysis. The result confirms the long-run nexus between energy efficiency, financial development and total debt stock. Furthermore, the ARDL estimates for our key variables show that financial development promotes energy efficiency in the short run but hinders long-run energy efficiency. Total debt stock limits energy efficiency in Nigeria in short and long-run periods. The environmental consequences of energy intensity are being felt globally, with the developing countries most vulnerable. The cheapest way to curb these consequences is to promote energy efficiency to reduce the disastrous effect. Driving energy efficiency requires investment in energy-efficient technology, but the challenge for developing economies i.e. Nigeria's funding, remains challenging amid a blotted debt profile. This becomes crucial to investigate how financial sector development and debt management can accelerate energy-efficient investments in Nigeria. The financial sector must ensure the availability of long-term credit facilities to clean energy investors. The government must maintain a sustainable debt profile to pave the way for capital expenditure on clean energy projects that promote energy efficiency. The limitation of this study is that the scope is limited to Nigeria as a developing economy. The need to support energy efficiency projects is a global call requiring cross-country analysis. Despite our study focusing on Nigeria, it provides useful insights that can guide energy efficiency policy through the financial sector and debt management. |
| Keywords: | Financial Development, Public Debt, Energy Efficiency, Environment, Nigeria |
| JEL: | E22 E44 E62 |
| Date: | 2024–01 |
| URL: | https://d.repec.org/n?u=RePEc:exs:wpaper:24/016 |