Why is the process of identifying and selecting projects so crucial to an organization's success? Why is it that organizations undertake information system (IS) projects. Do you have any experience as a team member in making go/no go type of project decisions?
The process of identifying and selecting projects is crucial to an organization's success mainly due to selecting the wrong projects. If management doesn't fully understand the details of the selection process, there is a chance that the organization could select projects that they shouldn't accept. An example would be selecting a project with a negative net present value. A negative net profit value (NPV) project should never be selected because the company will lose money on the project, based on the results of the NPV analysis. If the organization does not have a well-structured system to properly identify and select projects, the chances of ...
The solution explains why the process of identifying and selecting projects is so crucial to success, why organizations undertake IS projects, and also discusses relevant experience as a team member in making go/no go type of project decisions.