Study on investment decision-making in software development project

Each stage of software development project involves various real options, the traditional investment decision-making theory does not take into consideration the real option, so the goal of decision-making, the content of decision-making and the criterion of decision-making are all unable to meet the requirement of economic analysis in software development project. First, this thesis discusses the life cycle of software development project, defining the possible real option at all stages of it. Second, this thesis focuses on the content and goal of investment decision-making in software development project when taking into account of the real option. Finally, it constructs the general framework and decision criterion of investment decision analysis in software development project when considering the real option.