Assessment of Economic Effectiveness of Competing IT-projects: Approaches and Mathematical Tools
Evaluation of the effectiveness of the implementation and development of information systems and information technology is one of the challenging tasks in managing it projects. However, we also know that it affect the success of the company, but they also require large investments and carry signific...
| Main Authors: | , |
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| Format: | Article |
| Language: | Russian |
| Published: |
State University of Management
2017-12-01
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| Series: | Управление |
| Subjects: | |
| Online Access: | https://upravlenie.guu.ru/jour/article/view/15 |
| _version_ | 1797246372880056320 |
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| author | E. V. Vasileva E. A. Deeva |
| author_facet | E. V. Vasileva E. A. Deeva |
| author_sort | E. V. Vasileva |
| collection | DOAJ |
| description | Evaluation of the effectiveness of the implementation and development of information systems and information technology is one of the challenging tasks in managing it projects. However, we also know that it affect the success of the company, but they also require large investments and carry significant risks. Therefore, the decision to select the automation of business processes should be after in-depth analysis with mathematical tools. The purpose of this work is to show the possibility of expanding the mathematical apparatus of analysis of it projects that require significant investment. The article presents examples of results of expert opinion for estimation of expected cash flows, considering the risks when investing in competing projects, based on the methods of mathematical statistics. Describes the conditions of the solution of a multicriteria problem of choice of one it project of the alternatives, based on economic sense of indicators of risk. The rationale for the use of different methods when comparing projects of different durations (chain of repetition, equivalent annuity, etc.). The introduction of new information systems affects the quality indicators of the business, including improving productivity, reducing errors in performing the tasks, and thereby improving financial results. Selected mathematical methods will allow for different stages of decision-making to provide comprehensive and scientifically-based analysis of project performance and objectivity of the decisions made by the IT-manager. |
| first_indexed | 2024-03-08T18:23:22Z |
| format | Article |
| id | doaj.art-2e2edec712f043ae8fffeef84c0ba7cc |
| institution | Directory Open Access Journal |
| issn | 2309-3633 2713-1645 |
| language | Russian |
| last_indexed | 2024-04-24T19:41:46Z |
| publishDate | 2017-12-01 |
| publisher | State University of Management |
| record_format | Article |
| series | Управление |
| spelling | doaj.art-2e2edec712f043ae8fffeef84c0ba7cc2024-03-25T11:15:51ZrusState University of ManagementУправление2309-36332713-16452017-12-0104404615Assessment of Economic Effectiveness of Competing IT-projects: Approaches and Mathematical ToolsE. V. Vasileva0E. A. Deeva1Financial University under the Government of the Russian FederationFinancial University under the Government of the Russian FederationEvaluation of the effectiveness of the implementation and development of information systems and information technology is one of the challenging tasks in managing it projects. However, we also know that it affect the success of the company, but they also require large investments and carry significant risks. Therefore, the decision to select the automation of business processes should be after in-depth analysis with mathematical tools. The purpose of this work is to show the possibility of expanding the mathematical apparatus of analysis of it projects that require significant investment. The article presents examples of results of expert opinion for estimation of expected cash flows, considering the risks when investing in competing projects, based on the methods of mathematical statistics. Describes the conditions of the solution of a multicriteria problem of choice of one it project of the alternatives, based on economic sense of indicators of risk. The rationale for the use of different methods when comparing projects of different durations (chain of repetition, equivalent annuity, etc.). The introduction of new information systems affects the quality indicators of the business, including improving productivity, reducing errors in performing the tasks, and thereby improving financial results. Selected mathematical methods will allow for different stages of decision-making to provide comprehensive and scientifically-based analysis of project performance and objectivity of the decisions made by the IT-manager.https://upravlenie.guu.ru/jour/article/view/15information technologyperformance evaluationpeer assessmentmulti-criteria optimizationrisk management |
| spellingShingle | E. V. Vasileva E. A. Deeva Assessment of Economic Effectiveness of Competing IT-projects: Approaches and Mathematical Tools Управление information technology performance evaluation peer assessment multi-criteria optimization risk management |
| title | Assessment of Economic Effectiveness of Competing IT-projects: Approaches and Mathematical Tools |
| title_full | Assessment of Economic Effectiveness of Competing IT-projects: Approaches and Mathematical Tools |
| title_fullStr | Assessment of Economic Effectiveness of Competing IT-projects: Approaches and Mathematical Tools |
| title_full_unstemmed | Assessment of Economic Effectiveness of Competing IT-projects: Approaches and Mathematical Tools |
| title_short | Assessment of Economic Effectiveness of Competing IT-projects: Approaches and Mathematical Tools |
| title_sort | assessment of economic effectiveness of competing it projects approaches and mathematical tools |
| topic | information technology performance evaluation peer assessment multi-criteria optimization risk management |
| url | https://upravlenie.guu.ru/jour/article/view/15 |
| work_keys_str_mv | AT evvasileva assessmentofeconomiceffectivenessofcompetingitprojectsapproachesandmathematicaltools AT eadeeva assessmentofeconomiceffectivenessofcompetingitprojectsapproachesandmathematicaltools |