Digital library of construction informatics
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Paper w78-2003-353:
A software tool for IT project selection (PROSEL)

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Stewart R, Mohamed S

A software tool for IT project selection (PROSEL)

Abstract: With the increasing expenditure into IT projects, a systematic evaluation of investment options is needed. This paper proposes a user-friendly software tool (PROSEL) capable of modelling the effects of both monetary (tangible) and non-monetary (intangible) aspects of an IT investment option, using interval mathematics and possibility theory to handle the inherent uncertainty associated with such aspects. A case study with a large development and construction company is used to demonstrate its application in the assessment and ranking of available IT investment options.



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Permission to reproduce these papers has been graciously provided by the University of Auckland. The assistance of the editor who provided the full texts and the structured metadata, Dr. Robert Amor, is gratefully appreciated.


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