The Perception That ICT Projects Are Different

Frank Lefley
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Frank Lefley: University of Hradec Králové

Chapter 2 in The FAP Model and Its Application in the Appraisal of ICT Projects, 2015, pp 21-33 from Palgrave Macmillan

Abstract: Abstract The importance of investing in ICT cannot be over emphasised.1 ICT consists of all technical means to handle information and aid communication, including computer and network hardware and software.2 Recent research emphasises the strategic importance of new technology or infrastructure, for example computer systems projects, with 70% of survey respondents having experience of the appraisal of such projects.3 Now, more than ever, effective business strategy centres on aggressive, efficient use of information technology.4 Expenditure on ICT projects has been growing at a rapid pace over the past two decades, while investment in non-ICT projects (other than commercial real estate) has, in comparison, been in decline. Despite the global downturn, ICT is the world’s fastest-growing international industry.5 The appraisal of ICT projects, however, continues to present a problem. ICT projects are multidimensional constructs requiring a multidimensional approach to their appraisal.6

Keywords: Enterprise Resource Planning System; Commercial Real Estate; Strategic Aspect; Capital Project; Appraisal Practice (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-44352-6_2

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DOI: 10.1057/9781137443526_2

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