IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxviiy2024i3p637-651.html
   My bibliography  Save this article

Methods for Assessing the Economic Efficiency of IT Projects

Author

Listed:
  • Henryk Wojtaszek
  • Adam Stecyk
  • Dominika Krol-Smetak
  • Ireneusz Miciula
  • Agnieszka Wojcik – Czerniawska
  • Monika Rozycka
  • Malgorzata Chojnacka

Abstract

Purpose: The aim of this article is to classify the methods of assessing the economic efficiency of all types of IT projects. Approach/Methodology/Design: The main research method is a review of national and world scientific and practical literature. Findings: The growing importance of IT systems requires methods that will determine their economic efficiency in enterprises and allow for practical comparison of the obtained economic and financial results. Practical Implications: The practical implications of the research results included in the article will constitute recommendations for activities in managing companies that can be used in business practice. The pace of scientific and technological progress forces the development of IT systems for the optimal efficiency of economic entities. Originality/Value: The original value of the article is the classification of the method for assessing the effectiveness of IT innovations and the development of a process for an appropriate approach to the overall assessment of such projects.

Suggested Citation

  • Henryk Wojtaszek & Adam Stecyk & Dominika Krol-Smetak & Ireneusz Miciula & Agnieszka Wojcik – Czerniawska & Monika Rozycka & Malgorzata Chojnacka, 2024. "Methods for Assessing the Economic Efficiency of IT Projects," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 637-651.
    • Handle: RePEc:ers:journl:v:xxvii:y:2024:i:3:p:637-651
    as

    Download full text from publisher

    File URL: https://ersj.eu/journal/3457/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Henryk Wojtaszek & Ireneusz Miciuła, 2019. "Analysis of Factors Giving the Opportunity for Implementation of Innovations on the Example of Manufacturing Enterprises in the Silesian Province," Sustainability, MDPI, vol. 11(20), pages 1-28, October.
    2. Judyta Kabus & Michał Dziadkiewicz & Ireneusz Miciuła & Marcin Mastalerz, 2022. "Using Outsourcing Services in Manufacturing Companies," Resources, MDPI, vol. 11(3), pages 1-20, March.
    3. Tomasz Jalowiec & Piotr Masloch & Henryk Wojtaszek & Ireneusz Miciula & Grzegorz Masloch, 2020. "Analysis of the Determinants of Innovation in the 21st Century," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 151-162.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:ers:journl:v:xxiv:y:2021:i:2:p:536-547 is not listed on IDEAS
    2. Michał Bańka & Mariusz Salwin & Roman Tylżanowski & Ireneusz Miciuła & Monika Sychowicz & Norbert Chmiel & Adrian Kopytowski, 2023. "Start-Up Accelerators and Their Impact on Entrepreneurship and Social Responsibility of the Manager," Sustainability, MDPI, vol. 15(11), pages 1-32, May.
    3. Tomasz Jalowiec & Ireneusz Miciula & Magdalena Barczak & Agnieszka Szymkowska & Piotr Masloch & Henryk Wojtaszek & Grzegorz Masloch, 2021. "Innovation in the Production Process: Conditions in Line with the Production Schedule," European Research Studies Journal, European Research Studies Journal, vol. 0(2 - Part ), pages 536-547.
    4. Michal Romanczuk & Dominika Krol-Smetak & Pawel Stepien & Katarzyna Kazojc & Apoloniusz Kurylczyk, 2023. "Determinants of Management Efficiency Using IT Systems in the Context of Regionally Dispersed Construction Enterprises in Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 960-972.
    5. Henryk Wojtaszek & Ireneusz Miciuła & Miłosz Gac & Dominik Kabus & Robert Balcerzyk & Jerzy Będźmirowski & Anna Kowalczyk, 2023. "Social and Environmental Responsibility Manager on the Example of Companies from Poland and Germany," Sustainability, MDPI, vol. 15(19), pages 1-26, September.
    6. Dominika Krol-Smetak & Ireneusz Miciula & Maciej Czaplewski & Agnieszka Miluniec & Wlodzimierz Wysocki & Mariusz Sikora & Karolina Rogowska, 2024. "The Impact of IT Systems on the Safety and Competitiveness of Construction Enterprises," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 472-481.
    7. Joanna Nowakowska - Grunt & Piotr Masloch & Henryk Wojtaszek & Waldemar Jagodzinski & Ireneusz Miciula & Pawel Stepien & Grzegorz Swiecarz, 2020. "Analysis of Communication in the Educational Process by Means of E-Learning," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 277-294.
    8. Lukasz Kuzminski & Michal Nadolny & Henryk Wojtaszek, 2020. "An Innovative Approach to Generational Motivation," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 679-692.
    9. Henryk Wojtaszek & Agnieszka Wojcik-Czerniawska & Marcin Mastalerz & Pawel Stepien, 2024. "The Role of Consistency in Verbal and Nonverbal Communication: Enhancing Trust and Team Effectiveness in Management," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 621-636.
    10. Arkadiusz Kampczyk & Wojciech Gamon & Katarzyna Gawlak, 2023. "Integration of Traction Electricity Consumption Determinants with Route Geometry and Vehicle Characteristics," Energies, MDPI, vol. 16(6), pages 1-23, March.
    11. Ewa Mazur-Wierzbicka & Ireneusz Miciula & Henryk Wojtaszek & Adam Stecyk & Mikolaj Handschke & Agnieszka Wojcik-Czerniawska & Karolina Rogowska, 2024. "Economic and Social Consequences of the Covid-19 Pandemic - A Comparative Analysis of Changes in Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 1004-1013.
    12. repec:ers:journl:v:xxiv:y:2021:i:4b:p:410-420 is not listed on IDEAS
    13. Wiesław Pilis & Dominik Kabus & Ireneusz Miciuła, 2022. "Food Services in the Tourism Industry in Terms of Customer Service Management: The Case of Poland," Sustainability, MDPI, vol. 14(11), pages 1-15, May.
    14. Lukasz Kuzminski & Michal Nadolny & Henryk Wojtaszek, 2021. "On the Apparent Dependence of the Activities of Innovative Enterprises in the Mazovia Voivodeship on the Awareness of Pro-Innovative Management," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 840-850.
    15. Judyta Kabus & Michał Dziadkiewicz & Ireneusz Miciuła & Marcin Mastalerz, 2022. "Using Outsourcing Services in Manufacturing Companies," Resources, MDPI, vol. 11(3), pages 1-20, March.
    16. Lukasz Kuzminski & Michal Nadolny & Henryk Wojtaszek, 2020. "Self-assessment and Preferred Characteristics of the Superior," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 708-719.
    17. Bing Feng & Kaiyang Sun & Min Chen & Tao Gao, 2020. "The Impact of Core Technological Capabilities of High-Tech Industry on Sustainable Competitive Advantage," Sustainability, MDPI, vol. 12(7), pages 1-15, April.
    18. Eleftherios Thalassinos & Kesra Nermend & Anna Borawska, 2023. "Editorial Note: Decision Making in Resource Management: Exploring Problems, Methods, and Tools," Resources, MDPI, vol. 12(9), pages 1-3, September.
    19. Lukasz Kuzminski & Tomasz Jalowiec & Piotr Masloch & Henryk Wojtaszek & Ireneusz Miciula, 2020. "Analysis of Factors Influencing the Competitiveness of Manufacturing Companies," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 217-227.
    20. Sebastian Walerysiak & Henryk Wojtaszek & Ireneusz Miciula, 2020. "Dynamic Effects of Sustainable Development Activities in the Air Quality for Selected Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 135-147.
    21. Łukasz Kuźmiński & Piotr Maśloch & Marek Bazan & Tomasz Janiczek & Krzysztof Halawa & Henryk Wojtaszek & Ireneusz Miciuła & Tomasz Chajduga & Adam Kawecki & Robert Czwartosz & Jakub Stawik, 2020. "Management of Delay Optimization at Intersections," Energies, MDPI, vol. 13(12), pages 1-22, June.
    22. Lukasz Kuzminski & Henryk Wojtaszek, 2020. "Comperative Analysis of Air Quality in European Union Countries as a Result of Innovative Clustering," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 52-65.

    More about this item

    Keywords

    Management; IT innovations; impact of IT systems; economic efficiency; finance; business; enterprises.;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xxvii:y:2024:i:3:p:637-651. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.