A Project Submitted in Partial Fulfillment of the Requirements
for the Degree of
MASTER OF SCIENCE
in
Project ManagementSharp declines in global oil prices have led to a marked contraction in Alaska’s natural resource
dependent economy. This, coupled with record the State’s budgetary shortfalls and a decrease in
incoming federal dollars, has created a climate where environmental consulting companies must accept
riskier projects to balance portfolio growth and security. As a result, companies must adopt a risk-based
portfolio management approach as both a high level strategy and a core management practice. It is
important to specifically identify projects best suited for an organization’s tolerance for risk based off of
the supply and demand of the industry in rapidly changing economic conditions. Therefore, the aims of
this project report are to help environmental consulting companies identify risk characteristics and
manage their portfolio, as well as develop a tool to guide decision-making and selecting projects best
suited for a companies’ portfolio strategy. The results of this research may provide Alaska based
environmental companies with a clear understanding of the types of projects that offer both development
and financial security for an organization. This research paper will present the methodology, results, and
an environmental consulting portfolio management tool.Title Page / Table of Contents / List of Exhibits / Abstract / Introduction / Background / Literature Review / Project Methodology / Research Methodology / Presentation and Analysis of Data from Survey / Data Validation From Survey / Conclusion / Recommendation / Project Conclusion / Recommendations for Further Research / References / Appendi
