PORT COMMUNITY SYSTEMS - ECONOMIC FEASIBILITY EVALUATION

Port Community Systems are complex Information-Communication Technology systems, and such systems should be carefully evaluated in order to determine potential and real monetary benefits which can be derived from their implementation. These benefits can be quantitative or qualitative in nature (subjective). The quantitative benefits can be evaluated in terms of classic project management methodology and financial indicators and methods, while qualitative benefits are best suited to be exploited through strategic analysis. Careful consideration is needed during the analysis, in order to avoid biased input parameters which could obscure the end result. The paper researches Port Community System investment priorities and evaluation, analyzes the prioritization of Port Community System internal subprojects, and investigates risks in Port Community System implementation, based on cost-benefit analysis, return on management and value added analysis.