\u0625\u0646 \u0634\u0647\u0627\u062f\u0629 \u0627\u0644\u0632\u0645\u064a\u0644 \u0627\u0644\u0645\u0639\u062a\u0645\u062f \u0641\u064a \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 (CAPM) \u0647\u064a \u0634\u0647\u0627\u062f\u0629 \u0645\u0639\u062a\u0631\u0641 \u0628\u0647\u0627 \u0639\u0627\u0644\u0645\u064a\u064b\u0627 \u062a\u062b\u0628\u062a \u0641\u0647\u0645\u0643 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u0644\u0645\u0628\u0627\u062f\u0626 \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0648\u0627\u0644\u0646\u0638\u0631\u064a\u0629 \u0627\u0644\u062a\u0623\u0633\u064a\u0633\u064a\u0629. \u062a\u064f\u0639\u062f \u0634\u0647\u0627\u062f\u0629 CAPM\u060c \u0627\u0644\u062a\u064a \u064a\u062f\u064a\u0631\u0647\u0627 \u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 (PMI)\u060c \u0645\u062b\u0627\u0644\u064a\u0629 \u0644\u0623\u0648\u0644\u0626\u0643 \u0627\u0644\u062c\u062f\u062f \u0641\u064a \u0645\u062c\u0627\u0644 \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0623\u0648 \u0627\u0644\u0630\u064a\u0646 \u064a\u062a\u0637\u0644\u0639\u0648\u0646 \u0625\u0644\u0649 \u062a\u0639\u0632\u064a\u0632 \u0623\u0648\u0631\u0627\u0642 \u0627\u0639\u062a\u0645\u0627\u062f\u0647\u0645.
\n\u062a\u0642\u062f\u0645 \u0647\u0630\u0647 \u0627\u0644\u0645\u0642\u0627\u0644\u0629 \u062f\u0644\u064a\u0644\u0627\u064b \u0645\u0641\u0635\u0644\u0627\u064b \u062d\u0648\u0644 \u0643\u064a\u0641\u064a\u0629 \u0627\u062c\u062a\u064a\u0627\u0632 \u0627\u062e\u062a\u0628\u0627\u0631 CAPM\u060c \u0648\u0646\u0635\u0627\u0626\u062d \u0644\u062f\u0631\u0627\u0633\u0629 CAPM.
\n1. \u0641\u0647\u0645 \u0647\u064a\u0643\u0644\u064a\u0629 \u0627\u0645\u062a\u062d\u0627\u0646 \u0634\u0647\u0627\u062f\u0629 CAPM
\n\u0642\u0628\u0644 \u0627\u0644\u0628\u062f\u0621 \u0641\u064a \u0631\u062d\u0644\u0629 \u0627\u0644\u062a\u062d\u0636\u064a\u0631 \u0644\u0627\u0645\u062a\u062d\u0627\u0646 CAPM\u060c \u0639\u0644\u064a\u0643 \u0623\u0646 \u062a\u062a\u0639\u0631\u0641 \u0639\u0644\u0649 \u0647\u064a\u0643\u0644 \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646 \u0648\u0634\u0643\u0644\u0647:
\n \u0639\u062f\u062f \u0627\u0644\u0623\u0633\u0626\u0644\u0629: 150 \u0633\u0624\u0627\u0644\u0627\u064b \u0645\u062a\u0639\u062f\u062f \u0627\u0644\u062e\u064a\u0627\u0631\u0627\u062a
\n \u0645\u062f\u0629 \u0627\u0644\u0627\u062e\u062a\u0628\u0627\u0631: 180 \u062f\u0642\u064a\u0642\u0629
\n \u0627\u0633\u062a\u0631\u0627\u062d\u0629 \u0645\u062f\u062a\u0647\u0627 10 \u062f\u0642\u0627\u0626\u0642 \u0641\u064a \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646\u060c \u0648\u0633\u062a\u0638\u0647\u0631 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062d\u0629 \u0628\u0639\u062f \u0627\u0644\u0627\u0646\u062a\u0647\u0627\u0621 \u0645\u0646 \u0627\u0644\u0623\u0633\u0626\u0644\u0629 \u0645\u0646 1-75 \u0648\u0645\u0631\u0627\u062c\u0639\u0629 \u062c\u0645\u064a\u0639 \u0625\u062c\u0627\u0628\u0627\u062a\u0643.
\n \u0645\u062c\u0627\u0644\u0627\u062a \u0627\u0644\u0645\u062d\u062a\u0648\u0649: \u064a\u0633\u062a\u0646\u062f \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646 \u0639\u0644\u0649 \u062f\u0644\u064a\u0644 PMBOK\u00ae (\u0645\u062c\u0645\u0648\u0639\u0629 \u0645\u0639\u0627\u0631\u0641 \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639) \u0648\u064a\u063a\u0637\u064a \u0627\u0644\u0645\u062c\u0627\u0644\u0627\u062a \u0627\u0644\u062a\u0627\u0644\u064a\u0629: \u0623\u0633\u0627\u0633\u064a\u0627\u062a \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0648\u0645\u0641\u0627\u0647\u064a\u0645\u0647\u0627 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629 (36%)\u060c \u0648\u0627\u0644\u0645\u0646\u0647\u062c\u064a\u0627\u062a \u0627\u0644\u062a\u0646\u0628\u0624\u064a\u0629 \u0627\u0644\u0642\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u062a\u062e\u0637\u064a\u0637 (17%)\u060c \u0648\u0623\u0637\u0631\/\u0645\u0646\u0647\u062c\u064a\u0627\u062a \u0627\u0644\u0631\u0634\u064a\u0642\u0629 (20%)\u060c \u0648\u0623\u0637\u0631 \u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0623\u0639\u0645\u0627\u0644 (27%).
\n2. \u0645\u0631\u0627\u062c\u0639\u0629 \u062f\u0644\u064a\u0644 PMBOK
\n\u062f\u0644\u064a\u0644 PMBOK\u00ae Guide-Seventh Edition – \u064a\u062a\u0636\u0645\u0646 \u0647\u0630\u0627 \u0627\u0644\u0625\u0635\u062f\u0627\u0631 \u0627\u0644\u062d\u062f\u064a\u062b \u0643\u0644\u0627\u064b \u0645\u0646 \u0645\u0639\u064a\u0627\u0631 \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0648\u062f\u0644\u064a\u0644 PMBOK\u00ae Guide\u060c \u0648\u064a\u0642\u062f\u0645 \u0647\u0630\u0627 \u0627\u0644\u0625\u0635\u062f\u0627\u0631 \u0627\u0644\u062d\u062f\u064a\u062b 12 \u0645\u0628\u062f\u0623\u064b \u0644\u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0648\u062b\u0645\u0627\u0646\u064a\u0629 \u0645\u062c\u0627\u0644\u0627\u062a \u0623\u062f\u0627\u0621 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0627\u0644\u0636\u0631\u0648\u0631\u064a\u0629 \u0644\u062a\u062d\u0642\u064a\u0642 \u0646\u062a\u0627\u0626\u062c \u0641\u0639\u0627\u0644\u0629 \u0644\u0644\u0645\u0634\u0631\u0648\u0639.
\n\u0647\u0630\u0627 \u0627\u0644\u0643\u062a\u0627\u0628 \u0625\u0644\u0632\u0627\u0645\u064a \u0644\u0627\u062c\u062a\u064a\u0627\u0632 \u0627\u062e\u062a\u0628\u0627\u0631 CAPM \u0641\u064a \u0627\u0644\u062a\u062c\u0631\u0628\u0629 \u0627\u0644\u0623\u0648\u0644\u0649\u060c \u062e\u0627\u0635\u0629\u064b \u0623\u0646 50% \u0645\u0646 \u0623\u0633\u0626\u0644\u0629 \u0627\u0644\u0627\u062e\u062a\u0628\u0627\u0631 \u0627\u0644\u062c\u062f\u064a\u062f \u0633\u062a\u0643\u0648\u0646 \u062d\u0648\u0644 \u0645\u0646\u0647\u062c\u064a \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639 \u0627\u0644\u0631\u0634\u064a\u0642\u0629 \u0648\u0627\u0644\u0647\u062c\u064a\u0646\u0629 \u0627\u0644\u062a\u064a \u062a\u0645 \u062a\u0646\u0627\u0648\u0644\u0647\u0627 \u0641\u064a \u0627\u0644\u0637\u0628\u0639\u0629 \u0627\u0644\u0633\u0627\u0628\u0639\u0629 \u0645\u0646 PMBOK. \u0643\u0645\u0627 \u064a\u062c\u0628 \u0639\u0644\u064a\u0643 \u0627\u0644\u0627\u0646\u062a\u0628\u0627\u0647 \u0625\u0644\u0649 \u062f\u0644\u064a\u0644 \u0627\u0644\u0645\u0645\u0627\u0631\u0633\u0629 \u0627\u0644\u0631\u0634\u064a\u0642\u0629 \u0627\u0644\u0630\u064a \u064a\u0639\u062f \u0645\u0644\u062d\u0642\u0627\u064b \u0644\u0644\u0625\u0635\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u062f\u0633 \u0645\u0646 PMBOK. \u0641\u064a\u0645\u0627 \u064a\u0644\u064a \u0628\u0639\u0636 \u0627\u0644\u0646\u0635\u0627\u0626\u062d \u0644\u0627\u062e\u062a\u0628\u0627\u0631 CAPM \u0644\u0644\u062f\u0631\u0627\u0633\u0629 \u0627\u0644\u0641\u0639\u0627\u0644\u0629:
\n \u0627\u0642\u0631\u0623 \u0627\u0644\u062f\u0644\u064a\u0644 \u0628\u062f\u0642\u0629: \u0631\u0627\u062c\u0639 \u062f\u0644\u064a\u0644 PMBOK\u00ae Guide \u0645\u0631\u0629 \u0648\u0627\u062d\u062f\u0629 \u0639\u0644\u0649 \u0627\u0644\u0623\u0642\u0644. \u0627\u0641\u0647\u0645 \u0627\u0644\u0645\u0641\u0627\u0647\u064a\u0645 \u0648\u0627\u0644\u0645\u0635\u0637\u0644\u062d\u0627\u062a \u0648\u0627\u0644\u0645\u0628\u0627\u062f\u0626 \u0648\u0627\u0644\u0639\u0645\u0644\u064a\u0627\u062a \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629.
\n \u0642\u0645 \u0628\u062a\u0645\u064a\u064a\u0632 \u0627\u0644\u0641\u0635\u0648\u0644 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629: \u0627\u0633\u062a\u062e\u062f\u0645 \u0623\u0642\u0644\u0627\u0645 \u0627\u0644\u062a\u0645\u064a\u064a\u0632 \u0644\u062a\u062d\u062f\u064a\u062f \u0627\u0644\u0646\u0642\u0627\u0637 \u0627\u0644\u0645\u0647\u0645\u0629 \u0644\u0644\u0631\u062c\u0648\u0639 \u0625\u0644\u064a\u0647\u0627 \u0628\u0633\u0631\u0639\u0629.
\n \u062a\u062f\u0648\u064a\u0646 \u0627\u0644\u0645\u0644\u0627\u062d\u0638\u0627\u062a: \u0644\u062e\u0635 \u0643\u0644 \u0641\u0635\u0644 \u0628\u0643\u0644\u0645\u0627\u062a\u0643 \u0627\u0644\u062e\u0627\u0635\u0629 \u0644\u062a\u0639\u0632\u064a\u0632 \u0641\u0647\u0645 \u0627\u0644\u0645\u062d\u062a\u0648\u0649.
\n3. \u0648\u0636\u0639 \u062e\u0637\u0629 \u062f\u0631\u0627\u0633\u064a\u0629
\n \u0636\u0639 \u062c\u062f\u0648\u0644\u0627\u064b \u0632\u0645\u0646\u064a\u0627\u064b \u0644\u0644\u0645\u0630\u0627\u0643\u0631\u0629: \u062d\u062f\u062f \u0627\u0644\u0645\u0648\u0639\u062f \u0627\u0644\u0630\u064a \u062a\u062e\u0637\u0637 \u0641\u064a\u0647 \u0644\u0623\u062f\u0627\u0621 \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646 \u0648\u0627\u0639\u0645\u0644 \u0639\u0644\u0649 \u0648\u0636\u0639 \u062c\u062f\u0648\u0644 \u0632\u0645\u0646\u064a \u0644\u0644\u0645\u0630\u0627\u0643\u0631\u0629 \u0645\u0639 \u062a\u062d\u062f\u064a\u062f \u0645\u0639\u0627\u0644\u0645 \u0648\u0627\u0636\u062d\u0629 \u0644\u0644\u0627\u0646\u062a\u0647\u0627\u0621 \u0645\u0646\u0647.
\n \u062a\u062e\u0635\u064a\u0635 \u0627\u0644\u0648\u0642\u062a: \u062e\u0635\u0635 \u0633\u0627\u0639\u0627\u062a \u0645\u062d\u062f\u062f\u0629 \u0643\u0644 \u0623\u0633\u0628\u0648\u0639 \u0644\u0644\u0645\u0630\u0627\u0643\u0631\u0629 \u0648\u0627\u0644\u062a\u0632\u0645 \u0628\u0627\u0644\u062c\u062f\u0648\u0644 \u0627\u0644\u0632\u0645\u0646\u064a. \u0627\u0633\u062a\u0647\u062f\u0641 \u0645\u0627 \u0644\u0627 \u064a\u0642\u0644 \u0639\u0646 10-12 \u0633\u0627\u0639\u0629 \u0641\u064a \u0627\u0644\u0623\u0633\u0628\u0648\u0639.
\n \u0627\u062f\u0645\u062c \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062d\u0627\u062a: \u062d\u062f\u062f \u0645\u0648\u0627\u0639\u064a\u062f \u0627\u0633\u062a\u0631\u0627\u062d\u0627\u062a \u0645\u0646\u062a\u0638\u0645\u0629 \u0644\u0645\u0646\u0639 \u0627\u0644\u0625\u0631\u0647\u0627\u0642 \u0648\u0627\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0627\u0644\u062a\u0631\u0643\u064a\u0632.
\n\u0644\u0627 \u062a\u062a\u0631\u062f\u062f \u0641\u064a \u0642\u0631\u0627\u0621\u0629 \u0645\u0642\u0627\u0644\u0646\u0627 \u062d\u0648\u0644 \u062e\u0637\u0629 \u062f\u0631\u0627\u0633\u0629 CAPM \u0627\u0644\u0645\u0641\u0635\u0644\u0629.
\n4. \u0627\u0644\u0627\u0633\u062a\u0641\u0627\u062f\u0629 \u0645\u0646 \u0645\u0648\u0627\u0631\u062f \u0627\u0644\u062f\u0631\u0627\u0633\u0629 \u0627\u0644\u0625\u0636\u0627\u0641\u064a\u0629
\n\u0628\u0627\u0644\u0625\u0636\u0627\u0641\u0629 \u0625\u0644\u0649 \u062f\u0644\u064a\u0644 PMBOK\u00ae Guide\u060c \u0636\u0639 \u0641\u064a \u0627\u0639\u062a\u0628\u0627\u0631\u0643 \u0627\u0644\u0645\u0648\u0627\u0631\u062f \u0627\u0644\u062a\u0643\u0645\u064a\u0644\u064a\u0629:
\n \u0643\u062a\u0628 \u0627\u0644\u062a\u062d\u0636\u064a\u0631 \u0644\u0627\u062e\u062a\u0628\u0627\u0631 CAPM: \u0627\u0628\u062d\u062b \u0639\u0646 \u0643\u062a\u0628 \u0627\u0644\u0625\u0639\u062f\u0627\u062f \u0644\u0627\u062e\u062a\u0628\u0627\u0631 CAPM \u0630\u0627\u062a \u0627\u0644\u062a\u0642\u064a\u064a\u0645 \u0627\u0644\u0639\u0627\u0644\u064a \u0627\u0644\u062a\u064a \u062a\u0648\u0641\u0631 \u0623\u0633\u0626\u0644\u0629 \u062a\u062f\u0631\u064a\u0628\u064a\u0629 \u0648\u0634\u0631\u0648\u062d\u0627\u064b \u0645\u0641\u0635\u0644\u0629.
\n \u0627\u0644\u062f\u0648\u0631\u0627\u062a \u0627\u0644\u062a\u062f\u0631\u064a\u0628\u064a\u0629 \u0639\u0628\u0631 \u0627\u0644\u0625\u0646\u062a\u0631\u0646\u062a: \u0633\u062c\u0644 \u0641\u064a \u0627\u0644\u062f\u0648\u0631\u0627\u062a \u0627\u0644\u062a\u062f\u0631\u064a\u0628\u064a\u0629 \u0639\u0628\u0631 \u0627\u0644\u0625\u0646\u062a\u0631\u0646\u062a \u0623\u0648 \u0627\u0644\u0646\u062f\u0648\u0627\u062a \u0639\u0628\u0631 \u0627\u0644\u0625\u0646\u062a\u0631\u0646\u062a \u0627\u0644\u062a\u064a \u062a\u063a\u0637\u064a \u0645\u0648\u0636\u0648\u0639\u0627\u062a \u0627\u062e\u062a\u0628\u0627\u0631 CAPM. \u0627\u0637\u0644\u0639 \u0639\u0644\u0649 \u0627\u0644\u062f\u0648\u0631\u0629 \u0627\u0644\u062a\u062d\u0636\u064a\u0631\u064a\u0629 \u0644\u0627\u062e\u062a\u0628\u0627\u0631 CAPM.
\n \u0627\u0644\u0628\u0637\u0627\u0642\u0627\u062a \u0627\u0644\u062a\u0639\u0644\u064a\u0645\u064a\u0629: \u0623\u0646\u0634\u0626 \u0628\u0637\u0627\u0642\u0627\u062a \u062a\u0639\u0644\u064a\u0645\u064a\u0629 \u0644\u0644\u0645\u0635\u0637\u0644\u062d\u0627\u062a \u0648\u0627\u0644\u0645\u0641\u0627\u0647\u064a\u0645 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629 \u0644\u0644\u0645\u0633\u0627\u0639\u062f\u0629 \u0641\u064a \u0627\u0644\u062d\u0641\u0638.
\n5. \u062a\u062f\u0631\u0628 \u0639\u0644\u0649 \u0645\u062d\u0627\u0643\u064a\u0627\u062a \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646 \u0639\u0627\u0644\u064a\u0629 \u0627\u0644\u062c\u0648\u062f\u0629
\n\u0625\u062d\u062f\u0649 \u0627\u0644\u0646\u0635\u0627\u0626\u062d \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0644\u0627\u062e\u062a\u0628\u0627\u0631 CAPM \u0647\u064a \u0627\u0644\u0645\u0645\u0627\u0631\u0633\u0629. \u064a\u0639\u062f \u0625\u062c\u0631\u0627\u0621 \u0627\u062e\u062a\u0628\u0627\u0631\u0627\u062a \u0627\u0644\u0645\u0645\u0627\u0631\u0633\u0629 \u0623\u062d\u062f \u0623\u0643\u062b\u0631 \u0627\u0644\u0637\u0631\u0642 \u0641\u0639\u0627\u0644\u064a\u0629 \u0644\u0644\u062a\u062d\u0636\u064a\u0631 \u0644\u0644\u0627\u0645\u062a\u062d\u0627\u0646:
\n \u0645\u062d\u0627\u0643\u0627\u0629 \u0638\u0631\u0648\u0641 \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646: \u0642\u0645 \u0628\u0625\u062c\u0631\u0627\u0621 \u0627\u0645\u062a\u062d\u0627\u0646\u0627\u062a \u062a\u062f\u0631\u064a\u0628\u064a\u0629 \u0643\u0627\u0645\u0644\u0629 \u0627\u0644\u0637\u0648\u0644 \u0639\u0644\u0649 \u0627\u062e\u062a\u0628\u0627\u0631 CAPM \u0641\u064a \u0638\u0631\u0648\u0641 \u0645\u062d\u062f\u062f\u0629 \u0632\u0645\u0646\u064a\u064b\u0627 \u0644\u062a\u0639\u062a\u0627\u062f \u0639\u0644\u0649 \u0634\u0643\u0644 \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646 \u0648\u0648\u062a\u064a\u0631\u062a\u0647. \u0627\u062c\u0644\u0633 \u0641\u064a \u063a\u0631\u0641\u062a\u0643\u060c \u0648\u0627\u0641\u062a\u062d \u0627\u0644\u0643\u0645\u0628\u064a\u0648\u062a\u0631 \u0627\u0644\u0645\u062d\u0645\u0648\u0644\u060c \u0648\u0627\u062d\u0635\u0644 \u0639\u0644\u0649 \u0648\u0631\u0642\u0629 A4 \u0639\u0627\u062f\u064a\u0629\u060c \u0645\u0639 \u0622\u0644\u0629 \u062d\u0627\u0633\u0628\u0629 \u0628\u0633\u064a\u0637\u0629\u060c \u0648\u0623\u063a\u0644\u0642 \u0647\u0627\u062a\u0641\u0643 \u0627\u0644\u0645\u062d\u0645\u0648\u0644 \u0648\u0643\u0646 \u0628\u0639\u064a\u062f\u064b\u0627 \u0639\u0646 \u0623\u064a \u0645\u0642\u0627\u0637\u0639\u0629 \u0645\u062d\u062a\u0645\u0644\u0629\u060c \u064a\u062c\u0628 \u0623\u0646 \u062a\u0646\u0647\u064a \u0627\u0644\u0640 150 \u0633\u0624\u0627\u0644\u064b\u0627 \u0641\u064a 3 \u0633\u0627\u0639\u0627\u062a \u0645\u0639 \u0627\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u062f\u0631\u062c\u0629 \u0646\u062c\u0627\u062d \u0644\u0627 \u062a\u0642\u0644 \u0639\u0646 80% \u0644\u062a\u0643\u0648\u0646 \u062c\u0627\u0647\u0632\u064b\u0627 \u0644\u0627\u0645\u062a\u062d\u0627\u0646 CAPM \u0627\u0644\u062d\u0642\u064a\u0642\u064a.
\n \u0631\u0627\u062c\u0639 \u0625\u062c\u0627\u0628\u0627\u062a\u0643: \u0628\u0639\u062f \u0643\u0644 \u0627\u062e\u062a\u0628\u0627\u0631 \u062a\u062f\u0631\u064a\u0628\u064a\u060c \u0631\u0627\u062c\u0639 \u0625\u062c\u0627\u0628\u0627\u062a\u0643\u060c \u062e\u0627\u0635\u0629\u064b \u062a\u0644\u0643 \u0627\u0644\u062a\u064a \u0623\u062e\u0637\u0623\u062a \u0641\u064a\u0647\u0627\u060c \u0644\u062a\u062d\u062f\u064a\u062f \u0627\u0644\u0645\u062c\u0627\u0644\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u062d\u062a\u0627\u062c \u0625\u0644\u0649 \u062a\u062d\u0633\u064a\u0646.
\n \u062a\u062a\u0628\u0639 \u0627\u0644\u062a\u0642\u062f\u0645 \u0627\u0644\u0645\u062d\u0631\u0632: \u0627\u062d\u062a\u0641\u0638 \u0628\u0633\u062c\u0644 \u0644\u062f\u0631\u062c\u0627\u062a\u0643 \u0644\u0645\u0631\u0627\u0642\u0628\u0629 \u062a\u0642\u062f\u0645\u0643 \u0645\u0639 \u0645\u0631\u0648\u0631 \u0627\u0644\u0648\u0642\u062a.
\n6. \u0627\u0646\u0636\u0645 \u0625\u0644\u0649 \u0645\u062c\u0645\u0648\u0639\u0629 \u062f\u0631\u0627\u0633\u064a\u0629
\n\u0627\u0644\u062a\u0639\u0627\u0648\u0646 \u0645\u0639 \u0627\u0644\u0622\u062e\u0631\u064a\u0646 \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0639\u0632\u0632 \u0641\u0647\u0645\u0643:
\n \u0627\u0628\u062d\u062b \u0639\u0646 \u0645\u062c\u0645\u0648\u0639\u0629 \u062f\u0631\u0627\u0633\u0629: \u0627\u0646\u0636\u0645 \u0623\u0648 \u0643\u0648\u0651\u0646 \u0645\u062c\u0645\u0648\u0639\u0629 \u062f\u0631\u0627\u0633\u064a\u0629 \u0645\u0639 \u0623\u0642\u0631\u0627\u0646\u0643 \u0627\u0644\u0630\u064a\u0646 \u064a\u0633\u062a\u0639\u062f\u0648\u0646 \u0623\u064a\u0636\u064b\u0627 \u0644\u0627\u0645\u062a\u062d\u0627\u0646 \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0628\u0631\u0627\u0645\u062c \u0627\u0644\u062a\u062f\u0631\u064a\u0628\u064a\u0629 \u0644\u0644\u0645\u062d\u0627\u0633\u0628\u064a\u0646 \u0627\u0644\u0625\u062f\u0627\u0631\u064a\u064a\u0646 \u0627\u0644\u0645\u0639\u062a\u0645\u062f\u064a\u0646.
\n \u0634\u0627\u0631\u0643 \u0641\u064a \u0627\u0644\u0645\u0646\u0627\u0642\u0634\u0627\u062a: \u0646\u0627\u0642\u0634 \u0627\u0644\u0645\u0648\u0627\u0636\u064a\u0639\u060c \u0648\u0627\u062e\u062a\u0628\u0631\u0648\u0627 \u0628\u0639\u0636\u0643\u0645 \u0627\u0644\u0628\u0639\u0636\u060c \u0648\u0634\u0627\u0631\u0643\u0648\u0627 \u0627\u0644\u0645\u0648\u0627\u0631\u062f \u0644\u062a\u0639\u0645\u064a\u0642 \u0645\u0639\u0631\u0641\u062a\u0643\u0645.
\n \u062d\u0627\u0641\u0638 \u0639\u0644\u0649 \u062d\u0645\u0627\u0633\u0643: \u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u0633\u0627\u0639\u062f\u0643 \u0645\u062c\u0645\u0648\u0639\u0629 \u0627\u0644\u062f\u0631\u0627\u0633\u0629 \u0639\u0644\u0649 \u0625\u0628\u0642\u0627\u0626\u0643 \u0645\u0633\u0624\u0648\u0644\u0627\u064b \u0648\u0645\u062a\u062d\u0645\u0633\u064b\u0627 \u0637\u0648\u0627\u0644 \u0631\u062d\u0644\u062a\u0643 \u0627\u0644\u062f\u0631\u0627\u0633\u064a\u0629.
\n7. \u062a\u0639\u0631\u0651\u0641 \u0639\u0644\u0649 \u0628\u0631\u0627\u0645\u062c \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646\u0627\u062a
\n\u0625\u0646 \u0641\u0647\u0645 \u0628\u064a\u0626\u0629 \u0627\u0644\u0627\u062e\u062a\u0628\u0627\u0631 \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0642\u0644\u0644 \u0645\u0646 \u0627\u0644\u062a\u0648\u062a\u0631 \u0623\u062b\u0646\u0627\u0621 \u0627\u062e\u062a\u0628\u0627\u0631 CAPM:
\n \u0627\u0633\u062a\u0643\u0634\u0641 \u0627\u0644\u0645\u0648\u0642\u0639 \u0627\u0644\u0625\u0644\u0643\u062a\u0631\u0648\u0646\u064a \u0644\u0645\u0639\u0647\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639: \u0631\u0627\u062c\u0639 \u0627\u0644\u0645\u0639\u0644\u0648\u0645\u0627\u062a \u062d\u0648\u0644 \u062a\u0646\u0633\u064a\u0642 \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646\u060c \u0628\u0645\u0627 \u0641\u064a \u0630\u0644\u0643 \u0643\u064a\u0641\u064a\u0629 \u0627\u0644\u062a\u0646\u0642\u0644 \u0641\u064a \u0646\u0638\u0627\u0645 \u0627\u0644\u0645\u0631\u0627\u0642\u0628\u0629 \u0639\u0628\u0631 \u0627\u0644\u0625\u0646\u062a\u0631\u0646\u062a \u0625\u0646 \u0623\u0645\u0643\u0646.
\n \u062a\u062f\u0631\u0651\u0628 \u0639\u0644\u0649 \u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0627\u0644\u0628\u0631\u0646\u0627\u0645\u062c: \u0627\u0628\u062d\u062b \u0639\u0646 \u0627\u0644\u0645\u0648\u0627\u0631\u062f \u0627\u0644\u062a\u064a \u062a\u062a\u064a\u062d \u0644\u0643 \u0627\u0644\u062a\u062f\u0631\u0628 \u0639\u0644\u0649 \u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0628\u0631\u0627\u0645\u062c \u0645\u0634\u0627\u0628\u0647\u0629 \u0644\u0645\u0627 \u0633\u062a\u0648\u0627\u062c\u0647\u0647 \u0641\u064a \u064a\u0648\u0645 \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646\u060c \u0625\u0646 \u0623\u0645\u0643\u0646.
\n8. \u0627\u0644\u0627\u0633\u062a\u0639\u062f\u0627\u062f \u0644\u064a\u0648\u0645 \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646
\n\u0645\u0639 \u0627\u0642\u062a\u0631\u0627\u0628 \u0645\u0648\u0639\u062f \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646\u060c \u0627\u0633\u062a\u0639\u062f \u0630\u0647\u0646\u064a\u0627\u064b \u0648\u062c\u0633\u062f\u064a\u0627\u064b. \u0642\u0628\u0644 \u0644\u064a\u0644\u0629 \u0648\u0627\u062d\u062f\u0629 \u0645\u0646 \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646\u060c \u0627\u0633\u062a\u0631\u062e\u0650 \u0648\u0646\u0645 \u062c\u064a\u062f\u0627\u064b. \u0641\u064a \u0627\u0644\u0635\u0628\u0627\u062d\u060c \u062a\u0646\u0627\u0648\u0644 \u0641\u0637\u0648\u0631\u064b\u0627 \u062c\u064a\u062f\u064b\u0627\u060c \u0648\u062a\u0648\u0627\u062c\u062f \u0641\u064a \u0645\u0631\u0643\u0632 \u0627\u0644\u0627\u062e\u062a\u0628\u0627\u0631 \u0642\u0628\u0644 \u0633\u0627\u0639\u0629 \u0648\u0627\u062d\u062f\u0629 \u0645\u0646 \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646.
\n\u0628\u0645\u062c\u0631\u062f \u062f\u062e\u0648\u0644\u0643 \u0625\u0644\u0649 \u0642\u0627\u0639\u0629 \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646\u060c \u0633\u064a\u0643\u0648\u0646 \u0644\u062f\u064a\u0643 \u0633\u0637\u062d \u0645\u0643\u062a\u0628 \u062e\u0627\u0635 \u0628\u0643 \u0645\u0639 \u0622\u0644\u0629 \u062d\u0627\u0633\u0628\u0629 \u0628\u0633\u064a\u0637\u0629 \u0648\u0628\u0639\u0636 \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0628\u064a\u0636\u0627\u0621 \u0648\u0642\u0644\u0645 \u0631\u0635\u0627\u0635. \u0627\u0642\u0631\u0623 \u0627\u0644\u0628\u0631\u0646\u0627\u0645\u062c \u0627\u0644\u062a\u0639\u0644\u064a\u0645\u064a \u0627\u0644\u062e\u0627\u0635 \u0628\u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646 \u0648\u0627\u0644\u0630\u064a \u0633\u064a\u0638\u0647\u0631 \u062a\u0644\u0642\u0627\u0626\u064a\u064b\u0627 \u0639\u0644\u0649 \u0627\u0644\u0634\u0627\u0634\u0629\u060c \u0648\u0633\u064a\u0648\u0636\u062d \u0644\u0643 \u0623\u0646 \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646 \u064a\u062a\u0636\u0645\u0646 150 \u0633\u0624\u0627\u0644\u064b\u0627\u060c \u0648\u0623\u0646 \u0645\u062f\u0629 \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646 3 \u0633\u0627\u0639\u0627\u062a.
\n9. \u062d\u0627\u0641\u0638 \u0639\u0644\u0649 \u0647\u062f\u0648\u0626\u0643 \u0623\u062b\u0646\u0627\u0621 \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646
\n\u0641\u064a \u064a\u0648\u0645 \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646\u060c \u064a\u0639\u062f \u0627\u0644\u062a\u062d\u0643\u0645 \u0641\u064a \u062a\u0648\u062a\u0631\u0643 \u0623\u0645\u0631\u0627\u064b \u0628\u0627\u0644\u063a \u0627\u0644\u0623\u0647\u0645\u064a\u0629:
\n \u0627\u0642\u0631\u0623 \u0627\u0644\u0623\u0633\u0626\u0644\u0629 \u0628\u0639\u0646\u0627\u064a\u0629: \u062e\u0630 \u0648\u0642\u062a\u0643 \u0644\u0641\u0647\u0645 \u0643\u0644 \u0633\u0624\u0627\u0644 \u0642\u0628\u0644 \u0627\u0644\u0625\u062c\u0627\u0628\u0629 \u0639\u0644\u064a\u0647.
\n \u0631\u062a\u0628 \u0646\u0641\u0633\u0643: \u0631\u0627\u0642\u0628 \u0627\u0644\u0648\u0642\u062a\u060c \u0648\u0644\u0643\u0646 \u0644\u0627 \u062a\u062a\u0639\u062c\u0644. \u0627\u062d\u0631\u0635 \u0639\u0644\u0649 \u0627\u0644\u0625\u062c\u0627\u0628\u0629 \u0639\u0646 \u062c\u0645\u064a\u0639 \u0627\u0644\u0623\u0633\u0626\u0644\u0629.
\n \u0636\u0639 \u0639\u0644\u0627\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0623\u0633\u0626\u0644\u0629 \u063a\u064a\u0631 \u0627\u0644\u0645\u0624\u0643\u062f\u0629: \u0625\u0630\u0627 \u0644\u0645 \u062a\u0643\u0646 \u0645\u062a\u0623\u0643\u062f\u064b\u0627 \u0645\u0646 \u0627\u0644\u0625\u062c\u0627\u0628\u0629\u060c \u0636\u0639 \u0639\u0644\u0627\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0633\u0624\u0627\u0644 \u0648\u0627\u0646\u062a\u0642\u0644. \u0639\u062f \u0625\u0644\u064a\u0647 \u0625\u0630\u0627 \u0633\u0645\u062d \u0627\u0644\u0648\u0642\u062a.
\n\u0645\u0627 \u0645\u062f\u0649 \u0635\u0639\u0648\u0628\u0629 \u0627\u062e\u062a\u0628\u0627\u0631 CAPM\u061f
\n\u062a\u062e\u062a\u0644\u0641 \u0635\u0639\u0648\u0628\u0629 \u0627\u062e\u062a\u0628\u0627\u0631 CAPM \u0645\u0646 \u0634\u062e\u0635 \u0644\u0622\u062e\u0631\u060c \u0627\u0639\u062a\u0645\u0627\u062f\u064b\u0627 \u0639\u0644\u0649 \u062e\u0644\u0641\u064a\u062a\u0647 \u0648\u0627\u0633\u062a\u0639\u062f\u0627\u062f\u0627\u062a\u0647 \u0648\u0645\u0647\u0627\u0631\u0627\u062a\u0647 \u0641\u064a \u0627\u0644\u0627\u062e\u062a\u0628\u0627\u0631. \u0648\u0641\u064a \u062d\u064a\u0646 \u0623\u0646\u0647 \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0643\u0648\u0646 \u0635\u0639\u0628\u064b\u0627\u060c \u0625\u0644\u0627 \u0623\u0646\u0647 \u0645\u0639 \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u062a \u0627\u0644\u062f\u0631\u0627\u0633\u0629 \u0627\u0644\u0635\u062d\u064a\u062d\u0629 \u0648\u0627\u0644\u0627\u0644\u062a\u0632\u0627\u0645 \u0628\u0641\u0647\u0645 \u0627\u0644\u0645\u0627\u062f\u0629\u060c \u064a\u0646\u062c\u062d \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0645\u0631\u0634\u062d\u064a\u0646 \u0641\u064a \u0627\u062c\u062a\u064a\u0627\u0632 \u0627\u0644\u0627\u0645\u062a\u062d\u0627\u0646 \u0628\u0646\u062c\u0627\u062d.
\n\u0648\u0641\u064a \u0646\u0647\u0627\u064a\u0629 \u0627\u0644\u0645\u0637\u0627\u0641\u060c \u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u0643\u0648\u0646 \u0634\u0647\u0627\u062f\u0629 CAPM \u0631\u0635\u064a\u062f\u0627\u064b \u0642\u064a\u0651\u0645\u0627\u064b \u064a\u0639\u0632\u0632 \u0645\u0646 \u0641\u0631\u0635\u0643 \u0627\u0644\u0645\u0647\u0646\u064a\u0629 \u0641\u064a \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u0634\u0627\u0631\u064a\u0639. \u0648\u0645\u0646 \u062e\u0644\u0627\u0644 \u0627\u0644\u062a\u0641\u0627\u0646\u064a \u0648\u0627\u0644\u062a\u062d\u0636\u064a\u0631 \u0627\u0644\u0634\u0627\u0645\u0644\u060c \u064a\u0645\u0643\u0646\u0643 \u0627\u062c\u062a\u064a\u0627\u0632 \u0627\u0644\u062a\u062d\u062f\u064a\u0627\u062a \u0648\u062a\u062d\u0642\u064a\u0642 \u0627\u0644\u0646\u062c\u0627\u062d \u0641\u064a \u0627\u062e\u062a\u0628\u0627\u0631 CAPM.
\n\u0627\u0644\u062e\u0644\u0627\u0635\u0629
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\n\u0622\u0645\u0644 \u0623\u0646 \u064a\u0643\u0648\u0646 \u0647\u0630\u0627 \u0627\u0644\u0645\u0642\u0627\u0644 \u0642\u062f \u0633\u0627\u0639\u062f\u0643 \u0641\u064a \u0641\u0647\u0645 \u0643\u064a\u0641\u064a\u0629 \u0627\u062c\u062a\u064a\u0627\u0632 \u0627\u062e\u062a\u0628\u0627\u0631 CAPM\u060c \u0648\u0644\u0627 \u062a\u062a\u0631\u062f\u062f \u0641\u064a \u0627\u0644\u062a\u0648\u0627\u0635\u0644 \u0645\u0639 \u0641\u0631\u064a\u0642 SPOTO Learning \u0641\u064a \u062d\u0627\u0644 \u0643\u0627\u0646 \u0644\u062f\u064a\u0643 \u0623\u064a \u0623\u0633\u0626\u0644\u0629!<\/p>\n","protected":false},"excerpt":{"rendered":"
\u0627\u0643\u062a\u0634\u0641 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u062a \u0627\u0644\u062a\u064a \u0623\u062b\u0628\u062a\u062a \u062c\u062f\u0648\u0627\u0647\u0627 \u0648\u0646\u0635\u0627\u0626\u062d \u0627\u0644\u062e\u0628\u0631\u0627\u0621 \u0644\u0627\u062c\u062a\u064a\u0627\u0632 \u0627\u062e\u062a\u0628\u0627\u0631 CAPM \u0645\u0646 \u0627\u0644\u0645\u062d\u0627\u0648\u0644\u0629 \u0627\u0644\u0623\u0648\u0644\u0649. \u0627\u0643\u062a\u0633\u0628 \u0631\u0624\u0649 \u062d\u0648\u0644 \u062a\u0642\u0646\u064a\u0627\u062a \u0627\u0644\u062f\u0631\u0627\u0633\u0629 \u0627\u0644\u0641\u0639\u0627\u0644\u0629 \u0648\u0627\u0644\u0645\u0648\u0627\u0631\u062f \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629.<\/p>\n","protected":false},"author":1,"featured_media":2783,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/cciedump.spoto.net\/arabicblog\/wp-json\/wp\/v2\/posts\/4649"}],"collection":[{"href":"https:\/\/cciedump.spoto.net\/arabicblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cciedump.spoto.net\/arabicblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cciedump.spoto.net\/arabicblog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cciedump.spoto.net\/arabicblog\/wp-json\/wp\/v2\/comments?post=4649"}],"version-history":[{"count":0,"href":"https:\/\/cciedump.spoto.net\/arabicblog\/wp-json\/wp\/v2\/posts\/4649\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cciedump.spoto.net\/arabicblog\/wp-json\/wp\/v2\/media\/2783"}],"wp:attachment":[{"href":"https:\/\/cciedump.spoto.net\/arabicblog\/wp-json\/wp\/v2\/media?parent=4649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cciedump.spoto.net\/arabicblog\/wp-json\/wp\/v2\/categories?post=4649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cciedump.spoto.net\/arabicblog\/wp-json\/wp\/v2\/tags?post=4649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}