Defining Evaluation Criteria for Strategic Project Portfolio Selection in Brazilian Air Force

This paper presents a qualitative value model approach for Project Portfolio Selection (PPS) applied to Brazilian Air Force (FAB) projects. It begins with a brief literature review on PPS and Value-Focused Thinking (VFT). The study identifies key objectives from FAB's strategic planning to support the development of a qualitative value model for PPS. It then demonstrates the model through its application to a subportfolio focused on Anti-Aircraft Systems within FAB. Finally, the paper discusses methods for executing the PPS process using the VFT model. This approach innovates by tailoring the value model to the specific decision context of each subportfolio, which enhances the assessment of potential outcomes. Furthermore, it outlines procedures for aggregating PPS results across subportfolios, accounting for interdependencies among projects from different subportfolios.