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The Perception That ICT Projects Are Different

In: The FAP Model and Its Application in the Appraisal of ICT Projects

Author

Listed:
  • Frank Lefley

    (University of Hradec Králové)

Abstract

The importance of investing in ICT cannot be over emphasised.1 ICT consists of all technical means to handle information and aid communication, including computer and network hardware and software.2 Recent research emphasises the strategic importance of new technology or infrastructure, for example computer systems projects, with 70% of survey respondents having experience of the appraisal of such projects.3 Now, more than ever, effective business strategy centres on aggressive, efficient use of information technology.4 Expenditure on ICT projects has been growing at a rapid pace over the past two decades, while investment in non-ICT projects (other than commercial real estate) has, in comparison, been in decline. Despite the global downturn, ICT is the world’s fastest-growing international industry.5 The appraisal of ICT projects, however, continues to present a problem. ICT projects are multidimensional constructs requiring a multidimensional approach to their appraisal.6

Suggested Citation

  • Frank Lefley, 2015. "The Perception That ICT Projects Are Different," Palgrave Macmillan Books, in: The FAP Model and Its Application in the Appraisal of ICT Projects, chapter 2, pages 21-33, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-44352-6_2
    DOI: 10.1057/9781137443526_2
    as

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