“Real Options” are a powerful tool for guiding decision making in the presence of uncertain cost and uncertain value.
They are a natural tool for Project Portfolio Management
Understand the nature and importance of investment decisions.
Distinguish between discounted cash flow (DCF) and non-discounted cash flow (non-DCF) techniques of investment evaluation.
Explain the methods of calculating net present value (NPV) and internal rate of return (IRR).
Show the implications of net present value (NPV) and internal rate of return (IRR).
Describe the non-DCF evaluation criteria: payback and accounting rate of return and discuss the reasons for their popularity in practice and their pitfalls.
Illustrate the computation of the discounted payback.
Describe the merits and demerits of the DCF and Non-DCF investment criteria.
Compare and contract NPV and IRR and emphasise the superiority of NPV rule.
This presentation was submitted to RNB Global University for the partial fulfillment of BBA by Gautam Chopra & Chaman. Different Forms of Project Organization including 4 types
Functional Organization, Divisional Organization, Matrix Organization, & Projectized Organization
Understand the nature and importance of investment decisions.
Distinguish between discounted cash flow (DCF) and non-discounted cash flow (non-DCF) techniques of investment evaluation.
Explain the methods of calculating net present value (NPV) and internal rate of return (IRR).
Show the implications of net present value (NPV) and internal rate of return (IRR).
Describe the non-DCF evaluation criteria: payback and accounting rate of return and discuss the reasons for their popularity in practice and their pitfalls.
Illustrate the computation of the discounted payback.
Describe the merits and demerits of the DCF and Non-DCF investment criteria.
Compare and contract NPV and IRR and emphasise the superiority of NPV rule.
This presentation was submitted to RNB Global University for the partial fulfillment of BBA by Gautam Chopra & Chaman. Different Forms of Project Organization including 4 types
Functional Organization, Divisional Organization, Matrix Organization, & Projectized Organization
CML is a graphical representation that tells the rate at which the securities are providing a return. SML tells the relation between the required rate of return of security as a function of the non-diversifiable risk.
https://efinancemanagement.com/investment-decisions/sml-vs-cml
Investment Decision — Capital Budgeting Techniques — Pay Back Method — Accounting Rate Of Return — NPV — IRR — Discounted Pay Back Method — Capital Rationing — Risk Adjusted Techniques Of Capital Budgeting. — Capital Budgeting Practices
CAPITAL BUDGETING - Meaning, Definition, Needs, Significance, Process & Appra...Sundar B N
This ppt contains CAPITAL BUDGETING - Meaning, Definition, Needs, Significance, Process & Appraisal Methods - Problems.
Capital Budgeting – Introduction, Meaning, Definition, Need & Significance
Process of Capital Budgeting
Payback Period & Discounted PBP – Meaning, Formula & Problem
Net Present value - Meaning, Formula & Problem
Profitability Index - Meaning, Formula & Problem
Internal Rate of Return - Meaning, Formula & Problem
Real Options, Investment Analysis and Process PANKAJ PANDEY
Understand the capital budgeting process:
Document the policies and practices of companies in India and compare them with that of the companies in developed countries.
Understand the linkage between corporate strategy and investment decisions.
Define strategic real options.
Show the valuation of real options.
Discuss the concept of risk in investment decisions.
Understand some commonly used techniques, i.e., payback, certainty equivalent and risk-adjusted discount rate, of risk analysis in capital budgeting.
Focus on the need and mechanics of sensitivity analysis and scenario analysis.
Highlight the utility and methodology simulation analysis.
Explain the decision tree approach in sequential investment decisions.
Focus on the relationship between utility theory and capital budgeting decisions.
introduction to financial intermediaries
working of financial intermediaries
importance of financial intermediaries
for whom financial intermediaries are working?
CML is a graphical representation that tells the rate at which the securities are providing a return. SML tells the relation between the required rate of return of security as a function of the non-diversifiable risk.
https://efinancemanagement.com/investment-decisions/sml-vs-cml
Investment Decision — Capital Budgeting Techniques — Pay Back Method — Accounting Rate Of Return — NPV — IRR — Discounted Pay Back Method — Capital Rationing — Risk Adjusted Techniques Of Capital Budgeting. — Capital Budgeting Practices
CAPITAL BUDGETING - Meaning, Definition, Needs, Significance, Process & Appra...Sundar B N
This ppt contains CAPITAL BUDGETING - Meaning, Definition, Needs, Significance, Process & Appraisal Methods - Problems.
Capital Budgeting – Introduction, Meaning, Definition, Need & Significance
Process of Capital Budgeting
Payback Period & Discounted PBP – Meaning, Formula & Problem
Net Present value - Meaning, Formula & Problem
Profitability Index - Meaning, Formula & Problem
Internal Rate of Return - Meaning, Formula & Problem
Real Options, Investment Analysis and Process PANKAJ PANDEY
Understand the capital budgeting process:
Document the policies and practices of companies in India and compare them with that of the companies in developed countries.
Understand the linkage between corporate strategy and investment decisions.
Define strategic real options.
Show the valuation of real options.
Discuss the concept of risk in investment decisions.
Understand some commonly used techniques, i.e., payback, certainty equivalent and risk-adjusted discount rate, of risk analysis in capital budgeting.
Focus on the need and mechanics of sensitivity analysis and scenario analysis.
Highlight the utility and methodology simulation analysis.
Explain the decision tree approach in sequential investment decisions.
Focus on the relationship between utility theory and capital budgeting decisions.
introduction to financial intermediaries
working of financial intermediaries
importance of financial intermediaries
for whom financial intermediaries are working?
A whitepaper by Kevin Schmidt on calculating ROI for physical security services. Read this to help your department present accurately on the ROI for the investment, vs being seen simply as a cost center.
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Factors To Focus On While Investing In Ongoing Real Estate Projects.pdfMICL Group
In addition, it is vital to have a clear exit strategy from the start. If you are planning to invest in real estate, then Aradhya EVOQ is one of the best options. This project offers 3&4 BHK Flats in Juhu with top-notch amenities and excellent connectivity.
https://www.micl.com/project/aaradhya-evoq/
This slide presentation is an overview of Conner Management Group, LLC (CMG), an investment management firm. CMG is an SEC registered investment advisor.
Stephen Jenner designed, implemented and operated the Criminal Justice System (overseeing a £2 billion investment in modernising justice) IT approach to Portfolio & Benefits Management that has been recognised internationally (in reports to the OECD and European Commission and in a case study published by Gartner) and which won the 2007 Civil Service Financial Management Award. He was infamously described by the UK Government CIO as, "the Rottweiler of benefits management." Steve will outline the research evidence, the possible explanations and solutions which call for a radically different approach to the way organisations approach the realisation of benefits from their investments in change.
Planning projects usually starts with tasks and milestones. The planner gathers this information from the participants – customers, engineers, subject matter experts. This information is usually arranged in the form of activities and milestones. PMBOK defines “project time management” in this manner. The activities are then sequenced according to the projects needs and mandatory dependencies.
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Risk Management is essential for development and production programs. Information about key cost, performance and schedule attributes are often uncertain or unknown until late in the program.
Risk issues that can be identified early in the program, which may potentially impact the program, termed Known Unknowns, can be alleviated with good risk management. -- Effective Risk Management 2nd Edition, Page 1, Edmund Conrow, American Institute of Aeronautics and Astronautics, 2003
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From Principles to Strategies for Systems EngineeringGlen Alleman
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Establishing a credible Performance Measurement Baseline, with a risk adjusted Integrated Master Plan and Integrated Master Schedule, starts with the WBS and connects Technical Measures of progress to Earned Value
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Only when capabilities are defined can we start with requirements elicitation
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Successfully combining a PMO, Agile, and Lean / 6 starts with understanding what benefit each paradigm brings to the table. Architecting a solution for the enterprise requires assembling a “Systems” with processes, people, and principles – all sharing the goal of business improvement.
This resource document describes the Program Governance Road map for product development, deployment, and sustainment of products and services in compliance with CMS guidance, ITIL IT management, CMMI best practices, and other guidance to assure high quality software is deployed for sustained operational success in mission critical domains.
Encryption in Microsoft 365 - ExpertsLive Netherlands 2024Albert Hoitingh
In this session I delve into the encryption technology used in Microsoft 365 and Microsoft Purview. Including the concepts of Customer Key and Double Key Encryption.
Generating a custom Ruby SDK for your web service or Rails API using Smithyg2nightmarescribd
Have you ever wanted a Ruby client API to communicate with your web service? Smithy is a protocol-agnostic language for defining services and SDKs. Smithy Ruby is an implementation of Smithy that generates a Ruby SDK using a Smithy model. In this talk, we will explore Smithy and Smithy Ruby to learn how to generate custom feature-rich SDKs that can communicate with any web service, such as a Rails JSON API.
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
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The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
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Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
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UI automation Sample
Desktop automation flow
Pradeep Chinnala, Senior Consultant Automation Developer @WonderBotz and UiPath MVP
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
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See how to accelerate model training and optimize model performance with active learning
Learn about the latest enhancements to out-of-the-box document processing – with little to no training required
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👩🏫 Lenka Dulovicova, Product Program Manager, UiPath
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Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
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Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
Designing Great Products: The Power of Design and Leadership by Chief Designe...
Notes on real options
1. 1
Notes on Real
Options
Glen B. Alleman, VP Program Management
“Real Options” are a powerful tool for guiding decision
making in the presence of uncertain cost and uncertain
value.
They are a natural tool for Project Portfolio Management
2. 2
What is a “Real Option?”
An option is the right, but not the
obligation, do something (usually buy or
sell some asset) at some time in the future
after learning about uncertainty
The source of uncertainty is called the
underlying
A real option is an option where the
underlying is not traded in the financial
markets
3. 3
Who Uses “Real Options”
In business areas with a high degree of
uncertainty, management, knowingly or
not, creates and exercises real options on
a regular basis.
R&D creates real options: management has
the right, but not the obligation, to
commercialize the results.
In decision tree notation – real options are
represented by "downstream" decisions
Decision nodes which follow one or more
chance nodes.
4. 4
Strategy is a Portfolio of Real Options
In financial terms, strategy is similar to a
series of options than a single plan based
process
Executing a strategy involves a sequence
of decisions
Some actions a taken immediately
Some actions are deferred
5. 5
How are “Real Options” quantified?
Methods from financial option pricing
theory, such as the Black Scholes equation
and binomial lattices
These are appropriate for real options which
are very similar to financial options
Methods that account for multiple and
varied sources of uncertainty, such as
decision tree analysis and Monte Carlo
simulation
Appropriate for "real world" problems with
uncertainties that don't follow a well–defined
mathematical processes
6. 6
Who Really Cares about “Real Options?”
IT investment analyst
Heuristic investment decision makers
Decisions that must be made in the
presence of risk and uncertainty
Investment decision involving multiple risks
with numerous ways to configure the
investment
Cascading risks and their decisions
The CIO should (must) care about “Real Options”
7. 7
An Acquisition Example
IT has the option to spend money, K to acquire an IT
asset
At any point in time, t, during an interval [0,T], K is known with
certainty
Future changes in K, are uncertain
After the asset is acquired, cash flow, C, is received representing
differential benefits from the acquisition of the IT asset
Since the cost and the benefits are uncertain it might be
better to wait before investing in the IT asset
The costs may decrease over time (as is the case in many IT
investments)
The benefits may decrease over time as well in the absence of
the IT investment
Both the cost and the value are uncertain
What is a CIO to do?
8. 8
An IT Development Example
For an IT development project
The results of the development efforts is not acquired
immediately
The development project has an uncertain duration,, in which
the IT department keeps investing at a rate that is less than or
equal to a maximum investment rate, Im.
Only until the project is completed and the remaining cost, K, is
zero, do the customer of the IT development project receive the
value from the underlying asset, V
Both the cost and the value are uncertain
What is a CIO to do?
9. 9
What Does L&F Provide for RO?
Modern Portfolio Management
We’re a provider of these services
UMT provides the means of assessing
investment decisions – “economic frontier”
Monte Carlo Simulation (MCS)
Is the basis of probabilistic risk analysis –
something all our project management
consultants use with their schedules