RELATION OF INVESTMENT TO ICT, HUMAN CAPITAL AND ORGANIZATIONAL CAPITAL

Presented paper sketches the relationship between investments in ICT and human and organizational capital, or their interdependency as the case may be. The paper uses real knowledge with the ex ante assessment of project efficiency in the field of ICT, with a special regard to the public sector in the Czech Republic. There are mentioned some general methods of evaluating the ICT influence on organization efficiency at first. Then, there is briefly presented basic methodology mandatorily used for project co financed by public (EU) funds. For illustrating the usual procedure of evaluating differences regarding the impact of human and organizational capital, there are mentioned three examples of ex ante evaluating the efficiency of ICT projects financed from the public finds: Building metropolitan area network; Building a technological (ICT) center of a town; Extension of the data warehouse of a higher territorial self-governing unit. As a conclusion, there is presented the extended formula of the net present value of project cash flows as the sum of particular discounted cash flows relating to the investment and the sum of discounted changes in organizational capital generated by the investment.