IT Project Investments: An Analysis Based on a Sort and Rank Problem

Lúcio Camara E. Silva () and Ana Paula Cabral Seixas Costa ()
Additional contact information
Lúcio Camara E. Silva: School of Engineering, Centre for Technology and Geosciences, Department of Production Engineering, Universidade Federal de Pernambuco, Recife PE, Caixa Postal, 5125, CEP: 52. 070-970, Brazil
Ana Paula Cabral Seixas Costa: School of Engineering, Centre for Technology and Geosciences, Department of Production Engineering, Universidade Federal de Pernambuco, Recife PE, Caixa Postal, 5125, CEP: 52. 070-970, Brazil

International Journal of Information Technology & Decision Making (IJITDM), 2014, vol. 13, issue 04, 699-719

Abstract: This paper presents a multicriteria approach to the evaluation of information technology (IT) projects. In this paper, we present the steps of the model to evaluate IT project investments, including the identification of IT project investment, the construction of IT investment or IT project categories, the assessment of the importance of criteria and establishes final recommendations. The methodology proposes a framework, based on multicriteria analysis, that describes the importance of classifying and prioritizing IT projects investments before taking decisions. Decisions on IT investments should consider the different characteristics of each IT project and in each case evaluate the tangible and intangible benefits. However, measurements of intangible benefits are usually subjective and require a formal procedure to minimize the difficulty and consequence of this. Thus, the model enables us to handle this subjectiveness and it is exemplified with a numerical illustration, the data being drawn from a preview study.

Keywords: Information technology; investments; IT projects; multicriteria decision model (search for similar items in EconPapers)
Date: 2014
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0219622014500655
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:ijitdm:v:13:y:2014:i:04:n:s0219622014500655

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0219622014500655

Access Statistics for this article

International Journal of Information Technology & Decision Making (IJITDM) is currently edited by Yong Shi

More articles in International Journal of Information Technology & Decision Making (IJITDM) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().