Techniques for managing projects risk in capital budgeting process
The paper examines capital budgeting process and techniques of risk analysis in the process of selecting optimal project. Corporate manager in process of capital budgeting uses numerous techniques some of them are based on intuition and experience of manager, and some of them are analytic based on s...
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| Veröffentlicht in: | UTMS journal of economics 2010-12, Vol.1 (2), p.55-66 |
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| container_title | UTMS journal of economics |
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| creator | Karanovic, Goran Baresa, Suzana Bogdan, Sinisa |
| description | The paper examines capital budgeting process and techniques of risk analysis in the process of selecting optimal project. Corporate manager in process of capital budgeting uses numerous techniques some of them are based on intuition and experience of manager, and some of them are analytic based on sensitive, scenario, decision tree and Monte Carlo method. All methods are used to determinate and to predict risk influence on the projects. Article deals with analytical techniques and real problems that can arise in capital budgeting process. Trough case study in article we analyzed risks that may emerge from different techniques. Conclusion that emerges from analyzing different methods of risk techniques is that only with right combination of these techniques corporate manager could decide correctly to choose optimal capital project. |
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Conclusion that emerges from analyzing different methods of risk techniques is that only with right combination of these techniques corporate manager could decide correctly to choose optimal capital project.</description><identifier>ISSN: 1857-6982</identifier><identifier>ISSN: 1857-6974</identifier><identifier>EISSN: 1857-6982</identifier><language>eng</language><publisher>Skopje: University of Tourism and Management</publisher><subject>Capital assets ; Capital budgeting ; Cash flow forecasting ; Decision making ; decision tree ; Decision trees ; discount rate ; Discount rates ; Interest rates ; Internal rate of return ; Methods ; Monte Carlo ; Monte Carlo simulation ; Net present value ; NPV ; Payback periods ; Project management ; Risk assessment ; Risk management ; scenario method ; sensitive method ; Sensitivity analysis ; Studies</subject><ispartof>UTMS journal of economics, 2010-12, Vol.1 (2), p.55-66</ispartof><rights>Copyright University of Tourism and Management Dec 2010</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>315,781,785</link.rule.ids></links><search><creatorcontrib>Karanovic, Goran</creatorcontrib><creatorcontrib>Baresa, Suzana</creatorcontrib><creatorcontrib>Bogdan, Sinisa</creatorcontrib><title>Techniques for managing projects risk in capital budgeting process</title><title>UTMS journal of economics</title><description>The paper examines capital budgeting process and techniques of risk analysis in the process of selecting optimal project. 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| subjects | Capital assets Capital budgeting Cash flow forecasting Decision making decision tree Decision trees discount rate Discount rates Interest rates Internal rate of return Methods Monte Carlo Monte Carlo simulation Net present value NPV Payback periods Project management Risk assessment Risk management scenario method sensitive method Sensitivity analysis Studies |
| title | Techniques for managing projects risk in capital budgeting process |
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