The importance of IS project selection process has been recognized by many IS researchers as well as IS practitioners. The ideal selection process should provide an organization with best IS project from many competing proposals. However, researchers have found that some organizational biases exist in making the selection decisions. This means different selection mechanisms favor projects with different characteristics. The purpose of this study is to reexamine previous findings to determine if the biases still exist in rapidly changing IS environment. An exploratory case study was conducted to gain deeper understanding of the actual IS project selection process. Then scenario approach was used for the empirical study. Some conflicting findings from the previous studies are discussed.