Justifying investments in new information technologies
Journal of Management Information Systems
Strategic management of information technology investments: an options perspective
Strategic information technology management
Valuing risky projects: option pricing theory and decision analysis
Management Science
Principles of Corporate Finance with Cdrom
Principles of Corporate Finance with Cdrom
Software Risk Management: Principles and Practices
IEEE Software
A Case for Using Real Options Pricing Analysis to Evaluate Information Technology Project Investment
Information Systems Research
Software Design Decisions As Real Options
Software Design Decisions As Real Options
Selecting the appropriate application development methodology
ACM SIGMIS Database
Journal of Management Information Systems
A note on project risk and option values of investments in information technologies
Journal of Management Information Systems
Understanding software project risk: a cluster analysis
Information and Management
Information and Management
An empirical analysis of risk components and performance on software projects
Journal of Systems and Software
Exploring the relationship between software project duration and risk exposure: A cluster analysis
Information and Management
Active ERP implementation management: A Real Options perspective
Journal of Systems and Software
International Journal of Business Information Systems
A compound real option and AHP methodology for evaluating ICT business alternatives
Telematics and Informatics
A Fuzzy Group Decision Approach to Real Option Valuation
RSFDGrC '07 Proceedings of the 11th International Conference on Rough Sets, Fuzzy Sets, Data Mining and Granular Computing
Proceedings of the International Conference on Management of Emergent Digital EcoSystems
A real options approach for evaluation and justification of a hospital information system
Journal of Systems and Software
Information and Management
Risk assessment in ERP projects
Information Systems
IT/IS implementation risks and their impact on firm performance
International Journal of Information Management: The Journal for Information Professionals
A hybrid fuzzy rule-based multi-criteria framework for sustainable project portfolio selection
Information Sciences: an International Journal
Broadband business by utilities infrastructure exploitation: A multistage competition model
Telecommunications Policy
International Journal of Business Data Communications and Networking
A decision support system for fuzzy multi-objective multi-period sustainable project selection
Computers and Industrial Engineering
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Organizations are making large investments in information technology (IT) projects. However, many are risky and are often considered runaway, because they do not meet original expectations of cost, time, or benefits. Effective management of risks in IT projects is therefore extremely important. This paper emphasizes the need to differentiate between risks that can be resolved by action and risks that require hedging. It presents a framework for understanding and hedging risks in IT projects based on the finance literature on real options. This framework can be used to understand and justify project management decisions. The insight provided by this framework is consistent with practical managerial decisions in IT project management.