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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

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    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. 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.
    3. Judyta Kabus & Michał Dziadkiewicz & Ireneusz Miciuła & Marcin Mastalerz, 2022. "Using Outsourcing Services in Manufacturing Companies," Resources, MDPI, vol. 11(3), pages 1-20, March.
    Full references (including those not matched with items on IDEAS)

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    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

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