Contents I. Introduction
We strongly believe that the most important part of advanced manufacturing technology (AMT) projects evaluation is identification and evaluation of AMT benefits. It is widely understood that the adoption of AMT requires a high level of initial investment and also the level of risk associated with the implementation of the AMT project is higher especially when companies lack relevant experience. Moreover, it is clear that the total cost of AMT implementation is usually well defined although it might be quite easily underestimated too as it is very simple to forget some entries especially when managers are less experienced in the field of AMT project implementation. On the other hand, it is very difficult to calculate the total value of AMT contribution to the company as a whole because it is hard to identify and to evaluate various benefits of AMT. And that is the reason why many AMT project proposal fails in initial phases of the relevant decision making processes or the project is carried on at the price of various restrictions. These restrictions either mean lowering the level of sophistication of implemented technology or only some part of the original project is realized which means lower degree of integration which goes hand in hand with limited extent as well as magnitude of various benefits. And finally, while managers are disappointed because the implemented restricted solution is unable to deliver once promised benefits, technology specialist are frustrated either as their original proposal was different and better, of course [1].
