Evaluating the impact of ICT Investment Projects

There are many theories and many schools of thought regarding project management and the approach one should consider for a successful project implementation and an efficient spending of the resources. An analysis of the ICT investment projects reveals that most of them, by nature, are project-bas...

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Main Author: Laurian Gabriel TĂNĂSESCU
Format: Article
Language:English
Published: Editura Univeristatii "Stefan cel Mare" din Suceava 2018-12-01
Series:USV Annals of Economics and Public Administration
Subjects:
Online Access:http://annals.seap.usv.ro/index.php/annals/article/view/1073/933
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author Laurian Gabriel TĂNĂSESCU
author_facet Laurian Gabriel TĂNĂSESCU
author_sort Laurian Gabriel TĂNĂSESCU
collection DOAJ
description There are many theories and many schools of thought regarding project management and the approach one should consider for a successful project implementation and an efficient spending of the resources. An analysis of the ICT investment projects reveals that most of them, by nature, are project-based. The coordination and implementation of such a project requires a Scope of Work – SoW, more or less formally defined. General multiannual projects, with multiple and diverse sources of funding had to be split into separate projects. There are several types of ICT-specific investment assessment models. However, their applicability is rather limited. Depending on the purpose of the analysis, we must choose the appropriate model. Huge differences among assessment approaches are determined by the purpose of the analysis, the type of the organization implementing the project, the project aim, its beneficiaries, technology to be used, influence/dependence/synchronism determined by interactions with other organizations, etc. Given all that, it is impossible to have a model designed to answer all such needs. As for the quantitative (numerical) methods of project analysis, the legal framework in Romania requires that a public funding-based project use a certain pattern to assess and present the results. Such pattern is not appropriate for ICT investments as it is based on classic models of assessing the cost-efficiency of an investment.
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spelling doaj.art-da3da6350d474ef8a8d369b13e0f74f32022-12-22T02:46:49ZengEditura Univeristatii "Stefan cel Mare" din SuceavaUSV Annals of Economics and Public Administration2285-33322344-38472018-12-01182(28)8997Evaluating the impact of ICT Investment ProjectsLaurian Gabriel TĂNĂSESCU 0Stefan cel Mare University, Suceava RomaniaThere are many theories and many schools of thought regarding project management and the approach one should consider for a successful project implementation and an efficient spending of the resources. An analysis of the ICT investment projects reveals that most of them, by nature, are project-based. The coordination and implementation of such a project requires a Scope of Work – SoW, more or less formally defined. General multiannual projects, with multiple and diverse sources of funding had to be split into separate projects. There are several types of ICT-specific investment assessment models. However, their applicability is rather limited. Depending on the purpose of the analysis, we must choose the appropriate model. Huge differences among assessment approaches are determined by the purpose of the analysis, the type of the organization implementing the project, the project aim, its beneficiaries, technology to be used, influence/dependence/synchronism determined by interactions with other organizations, etc. Given all that, it is impossible to have a model designed to answer all such needs. As for the quantitative (numerical) methods of project analysis, the legal framework in Romania requires that a public funding-based project use a certain pattern to assess and present the results. Such pattern is not appropriate for ICT investments as it is based on classic models of assessing the cost-efficiency of an investment.http://annals.seap.usv.ro/index.php/annals/article/view/1073/933Evaluation projects; Impact indicators; Results / Outcome indicators; European Structural and Cohesion Funds
spellingShingle Laurian Gabriel TĂNĂSESCU
Evaluating the impact of ICT Investment Projects
USV Annals of Economics and Public Administration
Evaluation projects; Impact indicators; Results / Outcome indicators; European Structural and Cohesion Funds
title Evaluating the impact of ICT Investment Projects
title_full Evaluating the impact of ICT Investment Projects
title_fullStr Evaluating the impact of ICT Investment Projects
title_full_unstemmed Evaluating the impact of ICT Investment Projects
title_short Evaluating the impact of ICT Investment Projects
title_sort evaluating the impact of ict investment projects
topic Evaluation projects; Impact indicators; Results / Outcome indicators; European Structural and Cohesion Funds
url http://annals.seap.usv.ro/index.php/annals/article/view/1073/933
work_keys_str_mv AT lauriangabrieltanasescu evaluatingtheimpactofictinvestmentprojects