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Programmed to Fail - 3. Systems Analysis

Acquisition Talk

CHAPTER

The Benefits of Optionality

An option is a right without an obligation to take a future action depending on how circumstance is unfold. Options provide the ability to defer decisions to the future, usually at a cost. Optionality and management recognizes that when organizations make an investment they can first, change direction or funding levels before project completion; second, use project outcomes in a variety of ways.

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