毕业设计(论文)外文资料与译文精选.doc

大连东软信息学院高等教育自学考试 毕业设计（论文）外文资料及译文 姓 名 ： 张校辉 准考证号 ： 020312202083 专 业 ： 项目管理 助学单位 ： 大连东软信息学院继续教育学院 大连东软信息学院 Neusoft University of Information外文资料和译文格式要求 一译文必须采用计算机输入、打印。A4幅面打印，于左侧装订。二要求Project management quality and the value of flexible strategies Construction strategies for competitive bidding and operations are used to avoid the consequences of poor schedule performance such as delay penalties. Flexible strategies in the form of options can increase project value if uncertain conditions cannot be adequately forecast before operations begin. However, project management purpose fully manipulates the project performance that drives the use of options and thereby the value added by options. Therefore project management quality may influence option values. Seeks to address this question. Design/methodology/approach – This research investigates the interaction of project management and option value by operationalizing a common use of real options in construction and valuing the option with different levels of project management quality. A simple but realistic dynamic simulation model of a project is described and exercised to reveal some impacts of project management on option value. Findings – The results support a hypothesis that increased project management quality decreases option value and that real options in managing construction projects can be explained with real options theory. The model structure suggests causal explanations that are consistent with real options theory. Originality/value – The results suggest that practising managers can significantly increase project value by structuring managerial flexibility and thereby improving their evaluation, development, and use of flexibility. However, ignoring the multiple means of managing uncertainty that are often available can distort valuation. Results also suggest that researc