Comparative analysis of the method of real options and traditional methods of evaluating the effectiveness of investment projects

Today, investment activity within the Russian economy can be considered as a factor of potential economic growth, therefore, analysis of the main patterns of the investment process, correct assessment and management of real investments becomes especially important. This topic becomes more relevant in the conditions of uncertainty that generates financial and economic crises, as a result, companies need a tool that allows them to carry out correct and flexible project management. The purpose of this article is to compare possible tools for evaluating the effectiveness of investment projects. As traditional approaches to project evaluation, methods based on the DCF (discounted cash flow) indicator will be considered as the most universal methods to determine the true value of funds. A more modern method will also be considered - the method of evaluating real options.