Applying the FAP Model to an ICT Project within a Professional Association

Frank Lefley
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Frank Lefley: University of Hradec Králové

Chapter 11 in The FAP Model and Its Application in the Appraisal of ICT Projects, 2015, pp 152-181 from Palgrave Macmillan

Abstract: Abstract The initial evaluation of AT projects, such as AMT and IT, is proving to be extremely difficult, as existing financial models, such as the NPV and the IRR, fail to capture many of the strategic benefits.1 The literature shows that some companies now tend to use a greater number of appraisal techniques than in the past, but there is no consensus on the actual combination.2 The literature also shows that individual appraisal models on their own are now inappropriate and a more hybrid approach is required, one that includes both economic and strategic dimensions of choice.3 As a result of the perceived failure of some of the traditional methods of capital investment appraisal, managers sometimes base their decisions on ‘acts of faith’ or, as some researchers report, use less sophisticated financial models to evaluate what must be regarded as sophisticated IT projects.4

Keywords: Team Member; Investment Decision; Management Area; Corporate Management; Information Communication Technology (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_11

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DOI: 10.1057/9781137443526_11

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