METHODOLOGICAL APPROACHES TO ESTIMATING THE EFFICIENCY OF INNOVATIVE PROJECTS

2020 ◽  
Vol 4 (10) ◽  
pp. 49-53
Author(s):  
R. V. MOLCHANOVA ◽  
Keyword(s):  
Life Cycle ◽  
Cash Flows ◽  
Comprehensive Assessment ◽  
Social Efficiency ◽  
Innovative Project ◽  
Project Life Cycle ◽  
Methodological Approaches ◽  
Project Life ◽  
Cycle Efficiency

The article deals with the implementation of innovative projects, involving a comprehensive assessment, reflecting the integral efficiency of the most significant indicators. The features of innovative projects in large innovation and production clusters, projects that are strategic in nature and affect the activities of the enter-prise in the long term are considered. The principles of analyzing the effectiveness of the projects under study when choosing methods for assessing the effectiveness of innovative projects and the need to discount cash flows are presented. The heterogeneity of the assessment of the effectiveness of an innovative project at various stages of the project life cycle, efficiency in general, the effectiveness of participation in the project, social efficiency and budgetary efficiency are noted. It is summarized that the inflows and outflows used in assessing the budgetary efficiency of innovative projects vary significantly when moving from one level of budget efficiency research to another.

scholarly journals Determining the influence of transformation changes in the life cycle on the assessment of effectiveness of an ecologistic system project

2021 ◽  
Vol 1 (3 (109)) ◽  
pp. 6-14
Author(s):  
Sergey Rudenko ◽  
Viktor Gogunskii ◽  
Tetiana Kovtun ◽  
Victoriya Smrkovska
Keyword(s):  
Life Cycle ◽  
Cash Flows ◽  
Payback Period ◽  
Time Intervals ◽  
Linear Polynomial ◽  
Project Life Cycle ◽  
Project Phases ◽  
Three Stages ◽  
System Project ◽  
Project Life

The issue of assessing the effectiveness of a project of an ecologistic system using the criterion of «a discounted payback period», which takes into consideration the transformational changes in the project life cycle, was considered. The specific features of the life cycle of a project of an ecologistic system, in the structure of which it is proposed to include environmentally-oriented regeneration and revitalization phases, were explored. The phases of a life cycle were divided into stages, between which consecutive and parallel relations were established. The project life cycle consists of time intervals, during which from one to three stages of the project phases can run in parallel. A model of the life cycle of an ecologistic system, which shows the relations between time intervals and cash flows that correspond to the stages of the project life cycle phases, was developed. A mathematical formula for calculating the discounted payback period of a project, which takes into consideration the specific features of the formation of cash flows of separate phases of the life cycle of an ecologistic system, was proposed. The application of the formula is possible when assuming the constancy of cash flows of the stages of operational and the regeneration phases, which corresponds to the conditions of uncertainty of their forecasting at the beginning of the project. The functional dependences between the discounted payback period and cash flows during the phases of a project life cycle were studied. Depending on a phase of the life cycle, the dependence is expressed by a linear, polynomial, or power function. The identification of functional dependences makes it possible to study the dynamics of changes in the discounted payback period with changes in project cash flows, which can be used in forecasting the effectiveness of an ecologistic system project.

CONCEPTUAL MODEL OF EVALUATION OF THE MAIN STAGES OF THE INNOVATIVE PROJECT READINESS

2020 ◽  
Vol 1 (9) ◽  
pp. 161-164
Author(s):  
A. T. KHADIEVA ◽  
Keyword(s):  
Life Cycle ◽  
Conceptual Model ◽  
Final Stage ◽  
Innovation Process ◽  
Successful Completion ◽  
Innovative Project ◽  
Project Life Cycle ◽  
Project Life ◽  
High Degree

Relevance of the study is determined by the fact that the management of the enterprise in the field of innovation constantly raises questions about the feasibility of starting and continuing the innovation process due to the high degree of uncertainty of its successful completion. In addition, in practice, there is a rejection of initial ideas and interim projects as they approach the final stage of the project life cycle.

Taking a Holistic Exploration of the Project Life Cycle in Public–Private Partnerships

2019 ◽  
Vol 50 (6) ◽  
pp. 673-685 ◽  
Author(s):  
James Alexander ◽  
Fran Ackermann ◽  
Peter E. D. Love
Keyword(s):  
Life Cycle ◽  
Operations Management ◽  
Phenomenological Research ◽  
Public Private Partnerships ◽  
Public Infrastructure ◽  
Inherent Feature ◽  
Project Life Cycle ◽  
Private Participation ◽  
Project Life

Operations and projects are typically treated as dichotomous concepts; projects create assets to be operated. The segregation of operations from projects is evidenced in the generic project life cycle (concept, feasibility, design, execute, and close) in which consideration of an operations stage is omitted. This article, however, suggests that this omission renders the generic project life cycle (PLC) unsuitable as a frame of reference for managing (and researching) long-term public infrastructure projects, in particular those delivered under the auspices of private participation in infrastructure initiatives such as public–private partnerships (PPPs). Drawing on the normative literature and the authors’ phenomenological research that is embedded in practice, this article demonstrates that operations are an inherent feature of PPP projects. Thus, the generic PLC model is inconsistent with the actuality of PPPs. Implications of this inconsistency for operations management and research of PPPs, particularly in relation to quality, risk, and human resource management are identified and discussed.

scholarly journals Principles of corporate governance as the basis for the formation of the strategic advantage of enterprises in the construction industry

2021 ◽  
pp. 6-13
Author(s):  
Roman Volkov
Keyword(s):  
Corporate Governance ◽  
Life Cycle ◽  
Construction Industry ◽  
Economic Science ◽  
Dominant Form ◽  
Project Life Cycle ◽  
Business Conditions ◽  
Project Life ◽  
Regional Programs

The classical interpretation of the principles of corporate governance in terms of effectiveness is important for understanding the economic essence of the management system and its evaluation. Constantly changing socio-economic, epidemiological and geopolitical conditions make the problem of updating the principles of corporate governance important for the clarification of the requirements to be met to ensure a strategic advantage in the construction industry and to maintain competitiveness in the course of the life cycle of an investment construction project and in the process of the long-term construction facility operation. This statement is quite logical, because the focus of the economic science on understanding the principles of corporate governance is especially strengthened during periods of interphase cyclical transitions, triggered by the activation of an economic reform, accompanied by an increase in the uncertainty of business conditions. The project format of modern investment and construction activities becomes the dominant form of its implementation due to the high potential of integration with targeted federal and regional programs and as a result of the adequacy of the task of resource management at each stage of the project life cycle, which in turn allows to effectively allocate resources in time and space.

scholarly journals Project Narratives That Potentially Perform and Change the Future

2021 ◽  
pp. 875697282199534
Author(s):  
Natalya Sergeeva ◽  
Graham M. Winch
Keyword(s):  
Life Cycle ◽  
Value Creation ◽  
Future Research ◽  
Future Research Agenda ◽  
Project Life Cycle ◽  
Different Types ◽  
The Future ◽  
Organizational Narrative ◽  
Project Life ◽  
Future Project

This article develops a framework for applying organizational narrative theory to understand project narratives that potentially perform and change the future. Project narratives are temporal but often get repeated throughout the project life cycle to stabilize meaning, and could be about project mission, vision, identity, value creation, and so forth. Project narratives have important implications for organizational identity and image crafting. This article differentiates among different types of project narratives in relation to a project life cycle, providing case studies of project narratives on three major UK rail projects. We then set out the future research agenda into project narrative work.

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