Agricultural Applications of Value-at-Risk Analysis: A Perspective

Value-at-Risk (VaR) determines the probability of a portfolio of assets losing a certain amount in a given time period due to adverse market conditions with a particular level of confidence. Value-at-Risk has received considerable attention from financial economists and financial practitioners for its use in risk reporting, in particular the risks of derivatives. This paper provides a "state-of-the-art" review of VaR estimation techniques and empirical findings found in the finance literature. The ability of VaR estimates to represent large losses associated with tail events varies among procedure, confidence level, and data used. To date, there is no consensus to the most appropriate estimation technique. Potential applications of Value-at-Risk are suggested in the context of agricultural risk management. In the wake of the Hedge-to-Arrive crisis, the lifting of agricultural trade options by the CFTC, and the decreased government participation, VaR seems to have a place in the agricultural risk manager's toolkit.Value-at-Risk, risk management, estimation procedures

Optimal Portfolio Management in Alaska: A Case Study on Risk Characteristics of Environmental Consulting Companies

A Project Submitted in Partial Fulfillment of the Requirements for the Degree of MASTER OF SCIENCE in Project ManagementSharp declines in global oil prices have led to a marked contraction in Alaska’s natural resource dependent economy. This, coupled with record the State’s budgetary shortfalls and a decrease in incoming federal dollars, has created a climate where environmental consulting companies must accept riskier projects to balance portfolio growth and security. As a result, companies must adopt a risk-based portfolio management approach as both a high level strategy and a core management practice. It is important to specifically identify projects best suited for an organization’s tolerance for risk based off of the supply and demand of the industry in rapidly changing economic conditions. Therefore, the aims of this project report are to help environmental consulting companies identify risk characteristics and manage their portfolio, as well as develop a tool to guide decision-making and selecting projects best suited for a companies’ portfolio strategy. The results of this research may provide Alaska based environmental companies with a clear understanding of the types of projects that offer both development and financial security for an organization. This research paper will present the methodology, results, and an environmental consulting portfolio management tool.Title Page / Table of Contents / List of Exhibits / Abstract / Introduction / Background / Literature Review / Project Methodology / Research Methodology / Presentation and Analysis of Data from Survey / Data Validation From Survey / Conclusion / Recommendation / Project Conclusion / Recommendations for Further Research / References / Appendi

History of Value-at-Risk: 1922-1998

value-at-risk history

When agility meets a project portfolio: A study of success factors in large organisations

The iterative nature of agile methods combined with high levels of team and customer interactions and continuously changing IT and software development project requirements make the management of agile project portfolios very complex. To date, the mechanisms under which project portfolio management adapts to these complexities and achieves portfolio success have not been thoroughly investigated. This study explores the notion of success and its impacting factors in large organisations\u27 portfolios of agile IT and software development projects. Using a multiple case study design, we analysed the agile project portfolios of seven large organisations. We identified four success criteria and 15 success factors and categorised them into a unique agile portfolio success framework. Some of these criteria and factors are unique to agile project portfolios. The framework contributes to agile and project management literature by conceptualising the notion of success in portfolios of agile projects while revealing a set of factors that affect the relationship between an agile portfolio with its subcomponents and the surrounding environment. The framework supports managers and practitioners in large organisations in reflecting on their agility efforts to achieve higher success rates in their agile portfolios

E-finance-lab at the House of Finance : about us

The financial services industry is believed to be on the verge of a dramatic [r]evolution. A substantial redesign of its value chains aimed at reducing costs, providing more efficient and flexible services and enabling new products and revenue streams is imminent. But there seems to be no clear migration path nor goal which can cast light on the question where the finance industry and its various players will be and should be in a decade from now. The mission of the E-Finance Lab is the development and application of research methodologies in the financial industry that promote and assess how business strategies and structures are shared and supported by strategies and structures of information systems. Important challenges include the design of smart production infrastructures, the development and evaluation of advantageous sourcing strategies and smart selling concepts to enable new revenue streams for financial service providers in the future. Overall, our goal is to contribute methods and views to the realignment of the E-Finance value chain. ..

Situating the Next Generation of Impact Measurement and Evaluation for Impact Investing

In taking stock of the landscape, this paper promotes a convergence of methods, building from both the impact investment and evaluation fields.The commitment of impact investors to strengthen the process of generating evidence for their social returns alongside the evidence for financial returns is a veritable game changer. But social change is a complex business and good intentions do not necessarily translate into verifiable impact.As the public sector, bilaterals, and multilaterals increasingly partner with impact investors in achieving collective impact goals, the need for strong evidence about impact becomes even more compelling. The time has come to develop new mindsets and approaches that can be widely shared and employed in ways that will advance the frontier for impact measurement and evaluation of impact investing. Each of the menu options presented in this paper can contribute to building evidence about impact. The next generation of measurement will be stronger if the full range of options comes into play and the more evaluative approaches become commonplace as means for developing evidence and testing assumptions about the processes of change from a stakeholder perspective– with a view toward context and systems.Creating and sharing evidence about impact is a key lever for contributing to greater impact, demonstrating additionality, and for building confidence among potential investors, partners and observers in this emergent industry on its path to maturation. Further, the range of measurement options offers opportunities to choose appropriate approaches that will allow data to contribute to impact management– to improve on the business model of ventures and to improve services and systems that improve conditions for people and households living in poverty.

A study of patent thickets

Report analysing whether entry of UK enterprises into patenting in a technology area is affected by patent thickets in the technology area

The role of product portfolio management in market expansion:a case of the mobile gaming industry

Abstract. The rapid growth of mobile game consumer spending has led to Free-to-Play mobile game developers’ constant competition for players by offering new games. The product portfolio management (PPM) approach helps tackle questions about the market, product and technologies based on a company’s strategic targets. However, to discover game genre diversity by aligning product portfolio with business strategy and existing capabilities in new product development process is challenging. A single-case study was conducted to examine the important connection between PPM and business strategy as well as existing capabilities to propose a practical approach for seeking game genre portfolio expansion opportunities. The main results include proposing an analysis framework using PPM and mobile app intelligence software to identify game genres in market expansion that are strategic fit, bring the best economic value and are resonated with company’s existing capabilities and competence. PPM focused areas and key performance indicators are proposed. This study is the first attempt to apply PPM approach with targets and KPIs in mobile game development. It contributes to the previous studies by extending the application of PPM approach in the initial stage of product development process in discoveries and innovation stage. Also, the results can be applied to other mobile game companies with similar new product development process

Tailoring PMI and OGC frameworks for IT project portfolio management

Tese de Doutoramento - Programa Doutoral em Tecnologias e Sistemas de InformaçãoPrivate non-profit organizations that are dedicated to developing research and development (R&D) projects with the University, through a context of interface between Universities and companies, are currently recognized in Portugal as Technological Interface Centres. These organizations develop applied research projects between TRL 4 and 8 for companies in close collaboration with the research units of the Universities. As with any organization with no budget coming from the state, its main strategy is to efficiently and effectively manage the project portfolio to ensure control of execution costs as well as the expected quality of projects delivered to customers and partners. The currently available project portfolio management frameworks are not sufficiently clear as to how processes or practices suggested to practitioners should effectively be applied. In the specific field of Information Technology (IT), there is at least one framework for supporting portfolios management, but the level of detail in the adoption of the practices is (insufficiently) generic. This thesis intends to configure an IT project portfolios management framework, based on the coordinated (extended subsets) adaptation of the two main frameworks currently in the area: PMI and OGC. This configuration required the alignment between PMI and OGC frameworks, through a map of dependencies between processes, as well as the mapping between artefacts and processes. As a case study to test this framework, a Portuguese organization was chosen, formally recognized as a Technological Interface Centre, where two portfolios of IT projects in R&D contexts were characterized and analysed in light of the framework's techniques.As organizações privadas sem fins lucrativos que se dedicam a desenvolver projetos de investigação e desenvolvimento junto das Universidades, através de um contexto de interface entre Universidades e empresas, são atualmente reconhecidas em Portugal, como Centros de Interface Tecnológicos. Estas organizações desenvolvem projetos de investigação aplicada entre TRL 4 e 8 para as empresas, em colaboração estreita com as Unidades de Investigação das Universidades. Como em qualquer organização, sem orçamento proveniente do Estado, a sua estratégia principal é gerir com eficiência e eficácia o portfólio de projetos, de modo a garantir o controlo dos custos de execução, bem como a expetativa de qualidade dos projetos entregues aos clientes e parceiros. As frameworks de gestão de portfólio de projetos atualmente disponíveis não são suficientemente claras em relação à forma como processos ou práticas sugeridas aos profissionais devem efetivamente ser aplicados. No domínio específico das Tecnologias da Informação (TI) existe, pelo menos, uma framework de suporte à gestão de portfólios, mas o nível de detalhe na adoção das práticas é (insuficientemente) genérico. Com esta tese pretende-se configurar uma framework de gestão de portfólios de projetos de TI, a partir da adaptação coordenada (extended subsets) das duas principais frameworks atualmente existentes na área: a do PMI e a do OGC. A referida configuração exigiu o alinhamento entre frameworks do PMI e OGC através dum mapa de dependências entre processos, bem como o mapeamento entre artefactos e processos. Como estudo de caso para experimentar a referida framework, foi selecionada uma organização portuguesa, formalmente reconhecida como Centro de Interface Tecnológico, onde dois portfólios de projetos de TI em contextos de I&D foram caracterizados e analisados à luz das técnicas da referida framework.Este trabalho foi desenvolvido com o apoio financeiro da Associação CCG/ZGDV – Centro de Computação Gráfica