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Title: Risk-Based Benefit–Cost Analysis of Information Technology Tools for Program Management
Accession Number: 01370947
Record Type: Component
Record URL: Availability: Transportation Research Board Business Office 500 Fifth Street, NW Find a library where document is available Abstract: A risk-based benefit–cost approach was used to evaluate the impact of nine information technology (IT) tools on a $1.3 billion bridge repair and replacement program. The IT tools included four tools based on geographic information systems, two document control systems, and three reporting and database systems. The risk-based approach allowed users to deal with the uncertainties around staff time savings and other factors that are imprecise and subject to variation. Taken as a whole, the IT tools had a positive benefit–cost ratio, although four of the tools taken individually did not generate enough benefits to cover their costs. The tangible benefit of these systems was the time saved by agency staff and contractors. The study concluded that organizational structure, contractual and legal requirements, timing, and coordination with existing IT systems were critical factors affecting the benefits of IT systems in support of major transportation programs. The major contribution of this study is to demonstrate the application of risk-based benefit–cost analysis to programs and to take account of the uncertainties in benefits and costs.
Monograph Title: Monograph Accession #: 01470980
Report/Paper Numbers: 12-0141
Language: English
Authors: Ford, MarkCox, JimHagar, JimKirkman, RobbPagination: pp 104–111
Publication Date: 2012
ISBN: 9780309262989
Media Type: Print
Features: Figures; References; Tables
TRT Terms: Uncontrolled Terms: Subject Areas: Data and Information Technology; Economics; Finance; Highways; Policy; I10: Economics and Administration
Files: TRIS, TRB, ATRI
Created Date: Feb 8 2012 4:53PM
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