Building Options at Project Front-End Strategizing

The Power of Capital Design for Evolvability

Business & Finance, Management & Leadership, Management
Cover of the book Building Options at Project Front-End Strategizing by Guilherme Biesek, Nuno Gil, Project Management Institute
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Guilherme Biesek, Nuno Gil ISBN: 9781628250725
Publisher: Project Management Institute Publication: July 1, 2014
Imprint: Project Management Institute Language: English
Author: Guilherme Biesek, Nuno Gil
ISBN: 9781628250725
Publisher: Project Management Institute
Publication: July 1, 2014
Imprint: Project Management Institute
Language: English

How do project teams overcome differences to adopt a design plan that strikes a balance between short-term affordability and long-term adaptability? In the book, Building Options at Project Front-End Strategizing: The Power of Capital Design for Evolvability, Guilherme Biesek and Nuno Gil cite research indicating the need for a formal framework to develop front-end strategies that ensure cost-effective management of the project through future change. Biesek and Gil found limitations in the current practices and theory for management of capital projects, and turned to real options reasoning and design literature. Project teams often resort to real options reasoning, because investment in design flexibility is similar to buying options. If future changes are minimal or favorable the options can be exercised to adapt the design economically. In the event the future is not favorable to the project, a limited investment has been lost.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

How do project teams overcome differences to adopt a design plan that strikes a balance between short-term affordability and long-term adaptability? In the book, Building Options at Project Front-End Strategizing: The Power of Capital Design for Evolvability, Guilherme Biesek and Nuno Gil cite research indicating the need for a formal framework to develop front-end strategies that ensure cost-effective management of the project through future change. Biesek and Gil found limitations in the current practices and theory for management of capital projects, and turned to real options reasoning and design literature. Project teams often resort to real options reasoning, because investment in design flexibility is similar to buying options. If future changes are minimal or favorable the options can be exercised to adapt the design economically. In the event the future is not favorable to the project, a limited investment has been lost.

More books from Project Management Institute

Cover of the book Strategic-Oriented Implementation of Projects by Guilherme Biesek, Nuno Gil
Cover of the book Practice Standard for Project Risk Management by Guilherme Biesek, Nuno Gil
Cover of the book Time-Cost Optimization of Building Projects by Guilherme Biesek, Nuno Gil
Cover of the book Aspects of Complexity by Guilherme Biesek, Nuno Gil
Cover of the book Learning for Success by Guilherme Biesek, Nuno Gil
Cover of the book Megaproject Organization and Performance by Guilherme Biesek, Nuno Gil
Cover of the book Benefits Realization Management: A Practice Guide by Guilherme Biesek, Nuno Gil
Cover of the book Choosing Appropriate Project Managers by Guilherme Biesek, Nuno Gil
Cover of the book A Guide to the Project Management Body of Knowledge (PMBOK® Guide)–Sixth Edition (ITALIAN) by Guilherme Biesek, Nuno Gil
Cover of the book Leading Agile Teams by Guilherme Biesek, Nuno Gil
Cover of the book Visuals Matter! by Guilherme Biesek, Nuno Gil
Cover of the book Navigating Complexity by Guilherme Biesek, Nuno Gil
Cover of the book Agile Approaches on Large Projects in Large Organizations by Guilherme Biesek, Nuno Gil
Cover of the book Effectiveness in Project Portfolio Management by Guilherme Biesek, Nuno Gil
Cover of the book Personal Effectiveness in Project Management by Guilherme Biesek, Nuno Gil
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy