The Fap Model And Its Application In The Appraisal Of Ict Projects
by Frank Lefley /
2015 / English / PDF
2.9 MB Download
Various formal techniques are used for the analysis of capital projects, but are often limited by their scope and by the difficulty of interpreting the significance of the results they produce. Many perceived benefit factors are left out of existing appraisal processes because they lack precise financial quantification. Significantly revised and rewritten, based on the 2005 publication The Financial Appraisal Profile Model; this book discusses how the FAP model can present an integrated process for the appraisal of financial and strategic benefits and the assessment of risk in ICT (Information Communication Technology) project proposals. It presents a pragmatic solution to resolve many of the problems faced by organisations considering investment, not only in ICT but in all medium to large scale projects. The book demonstrates how the FAP model progresses the literature and practice of corporate finance by profiling the financial, risk and strategic elements of an investment decision. Including a review of other existing financial risk and strategic appraisal models, this book explores the perception that ICT projects have different requirements to others, and highlights important issues regarding ICT globalisation, project champions, post audits and appraisal teams. This comprehensive case-study, based on research in applying the FAP model to an ICT capital project, addresses issues such as 'groupthink' and the influence of a 'project champion' on the evaluation of capital projects.
