Abstract

Large investments are made annually to develop and maintain IT systems. Successful outcome of IT projects is therefore crucial for the economy. Yet, many IT projects fail completely or are delayed or over budget, or they end up with less functionality than planned. This article describes a Bayesian decision-support model. The model is based on expert elicited data from 51 experts. Using this model, the effect management decisions have upon projects can be estimated beforehand, thus providing decision support for the improvement of IT project performance.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.