| Autor: Tomasz Łukaszewski | 101 |
Strony: 101-114
pełen tekst
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.
pełen tekstREAL 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.