What is Scenario Project

It is well known that the decision to invest is preceded by (pre-)feasibility analysis and studies, which should show that the investment is necessary, opportune, and ef- ficient. As concerns the information field, we consider this feasibility study practice as partially adequate, as there is no full financial assessment of the necessity and opportunity of the information project by taking into account its advantages/disadvantages, the studies presenting only a list of these advantages/disadvantages. Moreover, given the impossibility of determining the contribution of each information function to the economic efficiency indicators of the organization (turnover, profit, etc.), the final result is also a partial assessment of the efficiency of the information project, which may lead to bad influences on the managerial team when making the decision of investing or not in that project. This is why we proposed in this study a new method of financial assessment of the necessity and opportunity of the information project, namely the annual net discounted advantages method or, more simply, the ANDA method). This chapter also includes, besides theoretical aspects, a case study with a concrete application of the ANDA method to an information project. We mention that the ANDA method may be applied to the assessment of the efficiency and of the opportunity of any investment project of modernization in any business area.