From the course: Agile Analysis (IIBA®-AAC) Cert Prep

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Real options

Real options

From the course: Agile Analysis (IIBA®-AAC) Cert Prep

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Real options

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- Sometimes, it's hard to know when to make a decision, right? What to offer when buying a home, or perhaps, investing in our own futures. We have regrets if we make a decision too early and then conditions change, and also regrets if it's too late and we miss the window of opportunity or low risk. In Agile analysis work, the same challenges exist. You, as the Agile BA, are part of a process in helping leaders make decisions at the right time. You help analyze when the right time is to make various decisions. It's no easy task. Let's look at how our Agile BA in this course, Chris, uses a technique called real options to make decisions. Real options helps Chris manage uncertainty, understand when more detail is needed, and find the last responsible moment to make a decision. Chris keeps the number of decisions in play low by prioritizing them and identifying conditions that impact them. Decisions are tough, and in order…

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