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Real Options in a Nutshell - Bottled Common Sense

Mon, 2008-01-28 23:47 — Olav Maassen, Chris Matts (reviewer)
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room: Essex , 2 — time: Wednesday 08:30-10:00
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How Real Options can help in running your project. Real Options is a decision-making process based on Financial Option Theory and Applied Psychology that can be used to manage risk.

The main challenge of this session is changing people’s mindset and behavior. We found a rational decision-making process based on maths and logic, rather than emotion and intuition. This session demonstrates that Real Options are at the heart of most Agile practices and principles, and are what drives Toyota.

After this session making decisions will never be the same again.

Process/Mechanics

We start the session with a game. The aim of the games is simple….. To engage participants kinesthetically and emotionally. We then present the core of the material, explaining along the way our journey to find various pieces in the jigsaw. After some case studies to illustrate the theory the session is closed by a discussion around the subject.

The explanation of the game we run is at the bottom of this section on purpose. If you want to experience the full benefit of this presentation it is our recommendation to not read the description of the game as this may reduce its effect.

This presentation is delivered by two of the top entertainers in Agile land… The session has been referred to as “quite a comedy show while being very well presented and very informative at the same time”.

Topics:

  • The history of Real Options - How we failed to make our millions out of Agile.
  • Options in the Real World.
  • Real Option Analytics.
  • Death of an Analyst.
  • Uncertainty is painful.
  • Real Options and Agile.
  • Real Options and Toyota, Microsoft and Google.

Case studies:

  • An IT Project Case Study.
  • A Case Study about getting home.
  • Decisions in IT Projects - Catch a plane or sail away…

The session ends with a panel of Two - Chris and Olav answer more questions.

It has been presented at XP Day, Javapolis, QCon, SPA, APLN Summit and more than 20 interesting places as well.

If you want to know more about Real Options, read our article on infoQ.com: http://www.infoq.com/articles/real-options-enhance-agility