FAP Model and Its Application in the Appraisal of ICT Projects

Dr Frank Lefley is an Honorary Research Fellow at the University of Hradec Kralove, Czech Republic and the University of London. He received his MSc in Managements Systems and Sciences from the University of Hull, UK, his MPhil in Accounting and Financial Management from the University of Buckingham, UK (involving a joint project with the University of Taxes and Arlington, USA) and his PhD from the University of London, UK (having studied at both Imperial College and Royal Holloway College). Dr Lefley's previously published research has appeared in the Engineering Economist, the International Journal of Enterprise Information Systems, the Management Research Review, Management Decision, the International Journal of Systems, Control and Communications, the International Journal of Managing Projects in Business, and the Prague Economic Papers. He is the originator of the FAP model.

• Foreword Acknowledgements List of Tables and Figures List of Abbreviations 1. Introduction The Financial Appraisal Profile (FAP) Model and its Application in the Appraisal of ICT Projects 2. The Perception that ICT Projects are Different 3. The Appraisal of ICT and Non-ICT Projects: A Study of Practices of Large UK Organizations 4. Evaluating ICT Project Risk: an Exploratory Study of UK and Czech Republic Practices 5. The Development of the FAP Model 6. The FAP Model Basic Data 7. The FAP Model The Net Present Value Profile (NPVP) 8. The FAP Model The Project Risk Profile (PRP) 9. The FAP Model The Strategic Index (SI) 10. Summary Comments on the FAP Model 11. Applying the FAP Model to an ICT Project Within a Professional Association Appendix 1: The Accounting Rate of Return (ARR) Appendix 2: Calculating the Modified Internal Rate of Return (MIRR) from the Net Present Value (NPV) Index