Making the information technology investment decision: a principled approach

Seven principles on which to base an evaluation of strategic information technology (IT) ventures are presented. The principles range from making the investment decision, through managing risk, to preparing for unanticipated upside and downside implications. The principles are based on empirical stu...

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Bibliographic Details
Published inTwenty-Third Annual Hawaii International Conference on System Sciences Vol. 4; pp. 147 - 156 vol.4
Main Authors Clemons, E.K., Weber, B.W.
Format Conference Proceeding
LanguageEnglish
Published IEEE Comput. Soc. Press 1990
Subjects
Chemical products
Consumer electronics
Economic forecasting
Information technology
Investments
Performance analysis
Performance evaluation
Resource management
Risk management
Uncertainty
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Summary:Seven principles on which to base an evaluation of strategic information technology (IT) ventures are presented. The principles range from making the investment decision, through managing risk, to preparing for unanticipated upside and downside implications. The principles are based on empirical studies, and on theoretical work on the timing of investments and the valuation of options benefits inherent in many IT initiatives. The role of a company's unique resources in generating competitive advantage, and the role of strategic necessity in guiding IT investment decisions are also considered.< >
DOI:10.1109/HICSS.1990.205250