For my masters dissertation I am currently preparing a Survey Questionnaire. The dissertation main aim is to find the factors which have an impact on failure of IT related projects in SMEs. I have done some extensive reading in the respective area and shortlisted around 30 factors.
My current plan is to use each of these factors as a Likert item, with 5 options. Then the idea was to find the mean and the standard deviation for each of these item. Then from the survey result shortlist the 10 most selected factors with the highest mean.
But googling around especially on this site I have read that it is advisable not to calculate the mean of the likert item, mostly because they are ordinal.
Is likert approach the right one? if yes, are there methods (other then mean calculation) to find the 10 most selected factors from the survey?
Help on this would really be appreciated.
Thank You