About the authors
| First name, Middle name, Last name, Scientific degree, Scientific rank, Current position. Full and brief name of the organization, The organization address. | Zakieva N.M. – post-graduate student E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Kazan State University of Architecture and Engineering The organization address: 420043, Russia, Kazan, Zelenaya st., 1 |
| Title of the article | Real options as a methodological framework of innovation project management |
| Abstract. | An innovation project is absolutely non-linear. It can proceed at unpredictable scenarios and lead to unplanned results of unplanned ways. Therefore it’s necessary to provide preliminary and interim evaluation of the effectiveness of the innovation project that would lead to valid conclusions about the need for continuation, completion or correction for the strategy of project realization. The concept of real options method is largely answers for designated tasks of innovation project management. The assumption is based on the fact that this method firstly considers the future uncertainty as the value. The inclusion of real options in the project provides an opportunity to adaptation of project to changing environmental conditions, thereby reducing the negative impact of uncertainty on the results of the project. The real option is the right or the possibility of management decision in the future. By using the method of real options, there is the possibility of forming a diversified portfolio, which allows more flexibility to evaluate and correct project management. In this article the concept of real option with respect to an innovation project is considered, a classification of options is given, also decomposition of an innovative project in terms of appearance moments of real options is proposed. |
| Keywords. | An innovation, an innovation project, uncertainty, real option, innovation project management. |
| For citations: | Zakieva N.M. Real options as a methodological framework of innovation project management // Izvestiya KGASU. 2012. №3(21) P.183-193. |
