The Electronic Journal of Information Systems Evaluation provides critical perspectives on topics relevant to Information Systems Evaluation, with an emphasis on the organisational and management implications
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Journal Issue
Volume 9 Issue 1 / Mar 2006  pp1‑43

Editor: Dan Remenyi

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Using Value‑at‑Risk for ISIT Project and Portfolio Appraisal and Risk Management  pp1‑6

Stefan Koch

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Abstract

This paper makes the case for adopting a risk measure from the finance sector for ISIT project and portfolio evaluation. The proposed value‑at‑risk approach constitutes a well‑tested approach in high‑risk environments, especially banking, and reports the expected maximum loss (or worst loss) over a target horizon within a given confidence interval. Value‑at‑risk is computed using either an analytical, parametric approach, or resorting to simulation, either based on historical samples or Monte Carlo methods. The main advantages of using value‑at‑risk measures are that they are methodologically consistent with modern ISIT evaluation approaches like real options, that they offer possibilities for management and assessment of ISIT project portfolios, and that the results are easy to interpret. 

 

Keywords: IT investment, risk management, value-at-risk, project portfolio

 

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A Process Capability Approach to Information Systems Effectiveness Evaluation  pp7‑14

Sevgi Ozkan

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Evaluating e‑Commerce Success — A Case Study  pp15‑26

Shaun Pather, Dan Remenyi, Andre de la Harpe

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Stock Price Reaction to Investments in Information Technology: the Relevance of Cost Management Systems  pp27‑30

Narcyz Roztocki, Heinz Roland Weistroffer

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A Framework for the Evaluation of Business Models and its Empirical Validation  pp31‑43

Jean-Paul Van Belle

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