Real options can be a powerful tool for quantifying the value of strategic and operational flexibility associated with uncertain IT investments. However, they also represent a new way of thinking about how the projects can be organized and managed by the maximum growth potential, while minimizing the risk of falling. Explain how practitioners can include options thinking in the modern IT project management. Function of thinking means recognizing the real options and how they add value. No less important is the management of projects, so that the value that exists in theory in practice. Several real examples show how real options embedded value can be realized through the active management of the project. There are pitfalls associated with each option, both the advantages and disadvantages of different approaches to the evaluation of options. Organizations must decide whether to issue the choices of thinking as a philosophy of project management. "Hide
by Robert G. Fichman, All Keil, Amrit Tiwana Source: California Management Review 24 pages. Publication Date: February 1, 2005. Prod. #: CMR304-PDF-ENG
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