The use and importance of financial appraisal techniques in the is/it investment decision-making process—recent uk evidence

Joan A. Ballantine, Robert Galliers, Stephanie J. Stray

Research output: Contribution to journalArticle

9 Citations (Scopus)

Abstract

Although the literature on capital investment appraisal techniques (CIAT) acknowledges a heterogeneity in appraisal methods, it fails to consider adequately the possible implications of the heterogeneity of the objects of appraisal. Here the use of CIAT is examined for appraising a particular type of investment—information systems/information technology (IS/IT). The results of a survey investigating appraisal practices of a sample of the top 1000 UK companies are presented and discussed. The extent to which CIAT are used to appraise the financial feasibility of IS/IT investments is determined, while drawing comparisons with findings in the accounting and finance, and IS/IT literature. The importance of the techniques is identified, and the particular problems associated with their use in IS/IT investments, including those related to knowledge and information problems.

Original languageEnglish
Pages (from-to)233-241
Number of pages9
JournalProject Appraisal
Volume10
Issue number4
DOIs
Publication statusPublished - 1 Jan 1995

Keywords

  • Information systems
  • Information technology
  • Investment appraisal

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