Option value and commitment timing
On This Lesson 4 topics
This lesson is planned. The outline below lists the topics it will cover. The full lesson has not been published yet.
In this lesson
decide when to keep options open and when to commit.
Planned topics
- An option is a cheap right to choose later; keeping it costs something.
- Keep options when uncertainty is high and learning is coming soon.
- Commit when delay costs more than the option is worth, or when the facts are in.
- Common techniques: thin interfaces, modular boundaries, buying instead of building first.
Draft outline details
Demonstration
timeline: marketplace payments launched behind an interface with one provider; the option of a second provider kept for the cost of the interface; commit date set by contract renewal.
Check your understanding
Why is keeping options not free?
Show answer
Maintaining them costs effort and delays benefits; commit when delay costs more.
Practice
Apply this lesson with the module's lab, exercises and quiz.
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