A back injury has meant the 40-year-old has not played competitively since last year's Wyndham Championship and he has twice undergone surgery in order to aid his recovery.
Woods had previously planned to return at October's Safeway Open but decided he was not fit enough to do himself justice, before again abandoning plans to play at the recent Turkish Airlines Open.
However, he insists he is now fit enough to play and will tee it up at his own tournament, this week's Hero World Challenge at Albany Golf Club in the Bahamas.
After holding an open session on the driving range on Sunday, the 14-time major champion said he was looking forward to the event and is confident about his chances of avoiding another false start.
"It was a smart decision in the end to pull out of the tournaments," Woods said. "The competitor inside me wanted to go so badly, I was itching to go, I had been playing at home, and I thought I could get it around.
"I had played feeling worse and won golf tournaments. But I finally decided why rush … I had waited more than a year, so let's wait a little more and get it right."