Decision-making on prioritization of projects in higher education institutions using the analytic network process approach

The prioritization of projects in higher education institutions is a complex decision-making problem. In this paper we deal with two scenarios within Higher Education Institutions. The first scenario is a need to prepare an action plan for activities that will result in the implementation of a portfolio of projects at the institutional level. The second scenario is making a decision on whether to start a new project application, and if so, which project to choose in a situation where project teams have several project ideas and limited resources. The purpose of the paper is to show how to include corporate strategy in the decision-making process and use the Analytic Network Process as a multiple criteria decision-making methodology which can be used in solving project selection problems.