There are many theories and many schools of thought regarding project management and the approach one should consider for a successful project implementation and an efficient spending of the resources. An analysis of the ICT investment projects reveals that most of them, by nature, are project-based. The coordination and implementation of such a project requires a Scope of Work – SoW, more or less formally defined. General multiannual projects, with multiple and diverse sources of funding had to be split into separate projects. There are several types of ICT-specific investment assessment models. However, their applicability is rather limited. Depending on the purpose of the analysis, we must choose the appropriate model. Huge differences among assessment approaches are determined by the purpose of the analysis, the type of the organization implementing the project, the project aim, its beneficiaries, technology to be used, influence/dependence/synchronism determined by interactions with other organizations, etc. Given all that, it is impossible to have a model designed to answer all such needs. As for the quantitative (numerical) methods of project analysis, the legal framework in Romania requires that a public funding-based project use a certain pattern to assess and present the results. Such pattern is not appropriate for ICT investments as it is based on classic models of assessing the cost-efficiency of an investment.