Autor: Tomasz Łukaszewski | 101 |
Strony: 101-114
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REAL OPTIONS APPROACH IN IT PROJECTS PLANNING
Summary
Real operating (flexibility) options embedded in a technology investment are valuable, as they allow management to take rational, value-adding actions that could favorably affect operational traits of the investment (timing, scale, scope, etc.). These options, however, must be carefully planned and intentionally embedded in a target IT investment in order to control various investment-specific risks, just like financial risk management uses carefully chosen options to actively manage investment risks. The aim of the dissertation was to develop a model for evaluation of information technology investments using the real options approach. The model consist of four steps: characteristic of IT investment project and decision problem, risk analysis, identification of the operating options (flexibility) in project and finally evaluation of the project using real option method.
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REAL OPTIONS APPROACH IN IT PROJECTS PLANNING
Summary
Real operating (flexibility) options embedded in a technology investment are valuable, as they allow management to take rational, value-adding actions that could favorably affect operational traits of the investment (timing, scale, scope, etc.). These options, however, must be carefully planned and intentionally embedded in a target IT investment in order to control various investment-specific risks, just like financial risk management uses carefully chosen options to actively manage investment risks. The aim of the dissertation was to develop a model for evaluation of information technology investments using the real options approach. The model consist of four steps: characteristic of IT investment project and decision problem, risk analysis, identification of the operating options (flexibility) in project and finally evaluation of the project using real option method.