If you fail to account for the real options available in a given project, what error might

Question:

If you fail to account for the real options available in a given project, what error might you make in your decision?

Capital Budgeting
Capital budgeting is a practice or method of analyzing investment decisions in capital expenditure, which is incurred at a point of time but benefits are yielded in future usually after one year or more, and incurred to obtain or improve the...