“…Several significant investments have been reconceptualised on the basis of intuition and acts of faith. According to Bannister and Remenyi (2000), the term 'act of faith' appears in a variety of forms throughout the literature (Farbey et al, 1993;Dietz & Renkema, 1995;Farbey et al, 1999;Bannister & Remenyi, 2000), as do 'blind faith' (Weill, 1990), 'gut instinct' (Powell, 1992;Katz, 1993) and 'strategic insight', which means the same thing. Most of the formal evaluation which occurs prior to any IS investment decision happens very early in the project lifecycle (Kumar, 1990;.…”