Evaluating ICT Project Risk: An Exploratory Study of UK and Czech Republic Practices

Frank Lefley
Additional contact information
Frank Lefley: University of Hradec Králové

Chapter 4 in The FAP Model and Its Application in the Appraisal of ICT Projects, 2015, pp 68-81 from Palgrave Macmillan

Abstract: Abstract Although business is about accepting risks, the identification and assessment of project-specific risk is possibly one of the most controversial topics in project management theory and practice. While attempts have been made to include risk assessment as part of the financial appraisal process, this appears, to some extent, to have been unsuccessful. Baldwin1 argues in fact that ‘the rate-of-return figure should remain inviolate and should be complemented by a secondary factor indicative of the risk, thereby keeping sight of both economic effect and risk’. Risk and financial evaluations are two separate factors, and each will have an influence over the other, but their assessment should remain separate.2 It is important, however, when allowing for risk in appraising capital projects to make it not merely more difficult to accept a project.

Keywords: Czech Republic; Discount Rate; Risk Assessment Model; Option Theory; Separate Issue (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-137-44352-6_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137443526

DOI: 10.1057/9781137443526_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().