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Economic Feasibility Of The Reengineering Projects

Author

Listed:
  • Andy TEFNESCU,
  • Ion Liviu CIORA
  • Laura TEFNESCU,
  • Cristiana BOGDNOIU

    (University of Craiova)

Abstract

Fundamentally, a reengineering project should have, as its common objective, the delivery of a fully functional business/customer service. The reengineering project should be complementary to and supportive of business processes within the enterprise. The paper presents an overview of economic feasibility of reengineering projects. Therefore various financial and accounting justification techniques such as payback period (PP), return on investment (ROI), net present value (NPV), and internal rate of return (IRR) are frequently used by managers in order to assess the economic aspects of the project. Furthermore, these methods could be misleading when employing too short payback periods or too high discount rates, neglecting various benefits of the reengineering projects or being unable to quantify them properly in financial terms.

Suggested Citation

  • Andy TEFNESCU, & Ion Liviu CIORA & Laura TEFNESCU, & Cristiana BOGDNOIU, 2009. "Economic Feasibility Of The Reengineering Projects," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(37), pages 121-127, May.
  • Handle: RePEc:aio:aucsse:v:1:y:2009:i:11:p:121-127
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    More about this item

    Keywords

    reengineering; project; economic feasibility; financial terms;

    JEL classification:

    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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