Evaluating the value of an information technology (IT) investment is a complex exercise in technology innovation and change management. Research has indicated that about two-thirds of companies hadn¡¦t been able to evaluate the value of IT correctly. Several perspectives have been proposed to help in evaluating IT investment before implementation, such as financial and socio-technical perspectives. Among them, Intel offered an integrated evaluation method and tool, the Intel's Business Value Index (BVI), which takes into account of financial and socio-technical perspectives. This study develops an IT investment evaluation methodology grounded on Intel¡¦s BVI method for the chemical industry. The research methodology is articulated using the design science research methodology. A usability evaluation is performed using a chemical industry case to demonstrate its applicability. With this methodology, CIO or adopting organizations can more easily and systematically determine the value and the priority of each IT investment in an ex-ante evaluation.