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Volume 10 Issue 1 JUNE 2007
Proposal of a Compact IT Value Assessment Method
Przemyslaw Lech
Faculty of Management, University of Gdañsk, Poland
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Although a large number of IT value assessment methods are available, still many enterprises do not use any structured evaluation approach while judging their IT investments, and if they do the selection of methods is often limited to simple cost / benefit analysis tools. This indicates a large gap between theory and practice of IT evaluation. There is a need to fill this gap by designing practically applicable IT evaluation approaches which will put the already existing evaluation methods into use. This paper contains a proposal of such a compact IT value assessment method. The proposed method relates the evaluation approach to the main IT initiative characteristics, such as the investment purpose and IT element to be implemented. Based on these criteria, the evaluation process is shaped by putting emphasis on the relevant evaluation aspects and choosing relevant evaluation methods. The result is a customized evaluation approach, tailored to the specificity of the IT initiative and the organization in which it is led. The method of design is focused on the ease of use and practical relevance so it can be used by IT practitioners to assess IT initiatives in their own organizations. The paper finishes with the case study of the method applied to a mid-sized production enterprise.
Keywords:
IT value assessment, IT evaluation, practical method, case study.
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