Flexibility option
Flexibility option is an option that permits operations to be altered depending on how conditions change during a project's life.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Flexibility options. An option that permits operations to be altered depending on how conditions change during a project's life.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
