KNOWLEDGE-BASED PORTFOLIO ANALYSIS FOR PROJECT EVALUATION

A computer-based expert system for the evaluation of research and deve lopment projects is presented. The system was developed for The Minist ry of Science and Technology of the Republic of Slovenia and in the pr ocess of evaluation and selection of projects submitted to the annual competition for funds. The system is based on an adapted portfolio mat rix that determines the position of each project with respect to its c ontents and feasibility. The aggregation of these criteria is carried out by a qualitative multi-attribute decision model that was developed using an expert system shell: DEX. The model consists of a tree of cr iteria, supplemented by if-then rules. In addition to describing these components, the paper presents and discusses a practical application of the system.