A MULTIPLE CRITERIA DECISION-MODEL FOR INFORMATION-SYSTEM PROJECT SELECTION

It has been widely recognized that the selection of information system (IS) is a critical part of IS planning. Multiple factors that impact the decision to select an appropriate set of IS projects include proje ct risk, corporate goals, benefits, the availability of scarce IS reso urces and the interdependencies that exist among candidate IS projects . Existing methods for IS project selection do not include all these c ritiera in one decision model. In this paper, project selection models in other disciplines, such as R & D, capital budgeting, etc., are syn thesized to develop an IS project selection model that explicitly inco rporates all of these factors. Importantly, the proposed model provide s a method to take advantage of hardware and software sharing among IS applications. The decision model is formulated as a nonlinear 0-1 goa l programming model and represents an improvement over currently avail able project selection models. The model is validated by applying it t o real-world IS project selection data.