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Project Evaluation Trend in Thailand Based on Critical Factors Index

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  • Kereboon Champathed
  • Chuvej Chansa-ngavej

Abstract

This paper aims to investigate the recent trend of the use of project evaluation techniques based on opinions of financial managers in Thai firms. The research uses a questionnaire built on a Sense and Respond (S&R) method called Critical Factors Index (CFI). It examines the trend using such CFI terms as importance, experiences, expectations, gaps, deviations and direction of development. The results show several critical areas for improvement needed including customer perspective and the traditional use of payback technique for project evaluation in the firm. The results also show that the needed improvement is more critical in small firms than in medium and large firms. The results further show that the improvement needed is more critical for merchandizing firms than for manufacturing and service firms.

Suggested Citation

  • Kereboon Champathed & Chuvej Chansa-ngavej, 2016. "Project Evaluation Trend in Thailand Based on Critical Factors Index," Information Management and Business Review, AMH International, vol. 8(5), pages 6-13.
    • Handle: RePEc:rnd:arimbr:v:8:y:2016:i:5:p:6-13
    DOI: 10.22610/imbr.v8i5.1455
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    References listed on IDEAS

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    1. Kereboon Champathed, 2015. "Capital Budgeting Practice of Thai Firms," Information Management and Business Review, AMH International, vol. 7(1), pages 59-66.
    2. Schall, Lawrence D & Sundem, Gary L & Geijsbeek, William R, Jr, 1978. "Survey and Analysis of Capital Budgeting Methods," Journal of Finance, American Finance Association, vol. 33(1), pages 281-287, March.
    3. Graham, John R. & Harvey, Campbell R., 2001. "The theory and practice of corporate finance: evidence from the field," Journal of Financial Economics, Elsevier, vol. 60(2-3), pages 187-243, May.
    4. Tze San Ong & Boon Heng Teh, 2009. "The Use of Financial and Non-Financial Performance Measures in the Malaysian Manufacturing Companies," The IUP Journal of Accounting Research and Audit Practices, IUP Publications, vol. 0(1), pages 23-30, January.
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