Net Present Value as a Project Management Tool - Theoretical Basis and Practical Consequences
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25310%2F16%3A39901564" target="_blank" >RIV/00216275:25310/16:39901564 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.5593/sgemsocial2016B23" target="_blank" >http://dx.doi.org/10.5593/sgemsocial2016B23</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.5593/sgemsocial2016B23" target="_blank" >10.5593/sgemsocial2016B23</a>
Alternative languages
Result language
angličtina
Original language name
Net Present Value as a Project Management Tool - Theoretical Basis and Practical Consequences
Original language description
The article deals with the net present value as a project management tool. The net present value is the most common criterion used in practice for evaluating the effectiveness of investment projects, which is associated with a minimum number of restrictions. The authors of the article aim to characterize the net present value as a project management tool, to evaluate its use in the management of projects in the Czech business practice and formulate recommendations for its application in project management. The starting point of the article was a literature review. It was followed by a qualitative research conducted via e-mail questioning and a quantitative research in the form of a questionnaire survey. Firstly, the net present value is presented in the context of project type, project life cycle stages and project management information systems. Secondly, the authors analyzed and, in comparison with the international practice, assessed the extent to which the net present value is used by managers of companies operating in the Czech Republic. They also discuss available software support for the net present value as a project management tool. Finally, recommendations are formulated for the application of the net present value in the context of project type and project life cycle stages.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
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Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
SGEM 2016 : Political Sciences, Law, Finance, Economics and Tourism Conference Proceedings. Book 2. Vol. 3
ISBN
978-619-7105-74-2
ISSN
2367-5659
e-ISSN
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Number of pages
7
Pages from-to
441-447
Publisher name
STEF92 Technology Ltd.
Place of publication
Sofie
Event location
Albena
Event date
Aug 22, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000395727000056