4. Reread section Q7.

a. Make the argument that, because of intangibles, NPV for IT projects is nothing more than a numeric smokescreen. Argue that such analyses are not only worthless, they are misleading.

Make the argument that you can fudge the numbers on any IT project to the extent that the project is financially desirable or not, depending on your goal.

Make the argument that intangibles are just that, intangible, and that they, therefore, should not be considered in any IT project. The decision should be made on tangibles alone.

Which of the three arguments (parts a through c)

do you most believe? State another argument that you feel is more appropriate than any of these.

Extract from your answers to parts a through d your own guiding principles for NPV and related analyses as they pertain to IT projects.