scholarly journals ORGANIZATIONAL AND ECONOMIC MECHANISM OF PROJECT MANAGEMENT OF NATIONAL ECONOMY DEVELOPMENT

2021 ◽  
Author(s):  
Olga Pokataeva ◽  
Victoria Tomareva-Patlakhova ◽  
Pavlo Yushkov
Keyword(s):  
Life Cycle ◽  
Project Management ◽  
National Economy ◽  
Public Investment ◽  
Contact Point ◽  
Private Partnership ◽  
Economic Mechanism ◽  
Investment Projects ◽  
State Investment ◽  
Monitoring Information

The article identifies the stages of the life cycle of project management for the implementation of organizational and economic mechanism for the implementation of projects for the development of the national economy: initiation, planning, resource provision, implementation and completion. Methods and tools of organizational and economic mechanism of realization of projects of development of national economy at each stage of a life cycle of project management are systematized. The author analyzes the components of the elements of the organizational and economic mechanism of implementation of national economic development projects in accordance with the stages of the project life cycle. The economic and organizational tools of realization of projects of development of national economy are analyzed. The positive aspects of project management are formulated. They are formation of a system of management and control over the implementation of national projects (national governing body, national control and contact point, representative of Ukraine in the group of auditors, national contact point); operation of project offices at eight ministries and the Secretariat of the Cabinet of Ministers of Ukraine; availability of a wide range of sources of funds for project financing; availability of results of monitoring the implementation of state investment projects on the website of the Ministry of Economic Development. The shortcomings of organizational and economic support for the implementation of projects are identified. They are lack of qualified staff of government agencies for high-quality development of feasibility studies of projects in terms of cost-benefit analysis; lack of methodological developments in the study of the peculiarities of the analysis of public investment projects; imperfect coordination between different mechanisms of financing public investment projects; unsatisfactory level of use of public-private partnership opportunities and obtaining the necessary financial resources as a result of bond issuance by local authorities; inconvenient format for providing monitoring information on state investment projects; lack of monitoring information and conclusions of beneficiaries on some international technical assistance projects provided to Ukraine; lack of results of monitoring of public-private partnership projects and projects implemented at the expense of MFIs.

scholarly journals Challenges of MCA in Public Investment Projects

2017 ◽  
Author(s):  
Andrius Tamošiūnas
Keyword(s):  
Management System ◽  
Euclidean Distance ◽  
Public Investment ◽  
Management Systems ◽  
Management Process ◽  
Inclusive Growth ◽  
State Budget ◽  
Investment Funds ◽  
Investment Projects ◽  
State Investment

Paper investigates peculiarities of management of public investment projects subject to State Investment Program (SIP) in Lithuania. Using comparative analysis for compatibility of European Structural and Investment Funds (ESIF) and SIP management systems as well as utilizing multi criteria analysis (MCA) techniques with attention to the Euclidean distance author reveals challenges of rationality of evaluating, selecting and implementing public investment projects according to the requirements of inclusive growth applicable to the country under ESIF management system. In this regard, there is as well noticed that current regulations for pubic investments under SIP in the country inevitably requires significant improvement in order to ensure the rational use of the state budget funds and comply with the requirements for inclusive growth as set under ESIF management system. Subsequently possible solutions proposed focusing on improving specific tasks of the management process of evaluating, selecting, implementing public investment projects.

Governance of Major Public Investment Projects: Principles and Practices in Six Countries

2017 ◽  
Vol 48 (3) ◽  
pp. 90-108 ◽  
Author(s):  
Gro Holst Volden ◽  
Knut Samset
Keyword(s):  
Quality Assurance ◽  
Project Management ◽  
Portfolio Management ◽  
Public Investment ◽  
Oecd Countries ◽  
Turn Of The Millennium ◽  
Investment Projects ◽  
Public Projects ◽  
Project Governance ◽  
Management Literature

This article compares the Norwegian scheme for quality assurance of major public projects with similar project governance schemes in five other OECD countries.1 All schemes have been introduced since the turn of the millennium and seem to be fairly consistent with recommendations from the project management literature. There are also a number of differences between the six schemes, for example, with regard to parties and roles, comprehensiveness, flexibility, organization, and whether portfolio management is covered. It is too early to make conclusions about their relative effects, but the evidence thus far indicates that there is much to learn across countries.

Public-Private Partnership As a Promising Form of Regional Projects

2016 ◽  
Vol 4 (6) ◽  
pp. 20-24 ◽  
Author(s):  
Верховская ◽  
Elena Verkhovskaya ◽  
Дмитриев ◽  
N. Dmitriev
Keyword(s):  
Institutional Environment ◽  
Public Investment ◽  
Public Private Partnership ◽  
Competitive Advantages ◽  
Social Infrastructure ◽  
Private Partnership ◽  
Investment Projects ◽  
Public Investment Policy ◽  
Regional Projects ◽  
Economic Zones

The strategic documents on the socio-economic development of Russia in the long term constantly emphasizes the importance of the PPP as an important mechanism for public investment policy, which allows to attract private funds for the implementation of priority projects to improve governance of industrial and social infrastructure, encourage innovation, create conditions for realization of business projects, which have nation-wide strategic importance. The forms, in which public-private partnership is implemented in specific regions, depend on the institutional environment, the investment attractiveness and the specific competitive advantages of the region. The article deals with the process of formation in the field of PPP legislation, describes the experience of and activities in the region in the implementation of PPP projects. The experience of PPP development in Tula region based on program-target method of management, which has received in the implementation of the cluster approach, the creation of special economic zones, the determination of priority investment projects, the mechanisms of cooperation of state and municipal authorities and private business.

scholarly journals Exploring Public–Private Partnership Scheme in Operation and Maintenance Stage of Railway Project

2019 ◽  
Vol 11 (22) ◽  
pp. 6517
Author(s):  
Herawati Zetha Rahman ◽  
Perdana Miraj ◽  
Azaria Andreas
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Net Present Value ◽  
Public Investment ◽  
Policy Formulation ◽  
Public Private Partnership ◽  
Government Support ◽  
Cost Evaluation ◽  
Private Partnership ◽  
Operation And Maintenance

Public–private partnership (PPP) has been extensively used in many sectors worldwide to provide alternative funding for public infrastructure. However, limited evidence found that this scheme was successfully adopted in railway transport particularly in the later stage of the project life cycle. Private participation during operation and maintenance stages are worthy of comprehensive research to cope with recovery of public investment and institutionalization problems. This research aims to analyze the potential of unbundling scenarios based on railway components by taking into account the Light Rail Transit (LRT) project in developing countries as the case study. A life cycle cost evaluation and sensitivity analysis were used to formulate a practical and regulatory framework for the macro-level of decision-making modeling. The findings indicate a possible scenario by considering the passenger demand, ticket price, and government support to generate the best option based on net present value (NPV) and internal rate of return (IRR). The proposed alternative recommends an attractive investment return for private interest, encourages lower support for government subsidy, and offers a reasonable tariff for the users. The study also suggests future implications from the adoption of research findings which may affect policy formulation and railway industry as a whole.

scholarly journals Construction of CHP using public-private partnership

2019 ◽  
Vol 110 ◽  
pp. 02078
Author(s):  
Ekaterina Nikonova ◽  
Anna Chursina ◽  
Aleksey Sindeev ◽  
Aleksey Letunovskiy
Keyword(s):  
Performance Evaluation ◽  
Life Cycle ◽  
Public Private Partnership ◽  
The State ◽  
Free Enterprise ◽  
Private Partnership ◽  
Investment Projects ◽  
Energy Field ◽  
Strategic Plans ◽  
Large Investment

The paper presents the concept of public-private partnership that is a relatively innovative mechanics, which serves to combine the investments of the state and free enterprise in the implementation of large infrastructure projects. For Russia, it is strategically important and relevant to remain independent in the field of energy. The energy sector requires introduction of innovative facilities and modernization of facilities that are in operation A growing understanding of the urgency of the problem of budgetary investment volumes makes the state look for alternative financing mechanisms. The coordination of interests is an integral part of the interaction of the state and business in the framework of public-private partnership. The state is mainly interested in the implementation of strategic plans for the development of the energy field, as well as improving the quality and increasing the amount of services. The investors are interested in obtaining a stable refundability on investment. In these conditions, public-private partnership is the most relevant form of implementation of large investment projects in Russia. The ratio of costs and the results obtained expresses the concept of efficiency. However, public-private partnership projects are difficult to evaluate and ambiguous. For each of the participants, performance evaluation has a different nature and includes various indicators. During the life cycle of projects, the interaction conditions and risks that accompany the project may change.

The Use of Cost-Benefit Analysis for Evaluating Efficiency of Public Investment Projects (The Case of Sochi-2014 Winter Olympic Games)

2011 ◽  
pp. 57-78
Author(s):  
I. Pilipenko
Keyword(s):  
Net Present Value ◽  
Olympic Games ◽  
Cost Benefit Analysis ◽  
Public Investment ◽  
Cost Benefit ◽  
Investment Efficiency ◽  
Benefit Analysis ◽  
Step Method ◽  
Investment Projects ◽  
The Usa

The paper analyzes shortcomings of economic impact studies based mainly on input- output models that are often employed in Russia as well as abroad. Using studies about sport events in the USA and Olympic Games that took place during the last 30 years we reveal advantages of the cost-benefit analysis approach in obtaining unbiased assessments of public investments efficiency; the step-by-step method of cost-benefit analysis is presented in the paper as well. We employ the project of Sochi-2014 Winter Olympic and Paralympic Games in Russia to evaluate its efficiency using cost-benefit analysis for five accounts (areas of impact), namely government, households, environment, economic development, and social development, and calculate the net present value of the project taking into account its possible alternatives. In conclusion we suggest several policy directions that would enhance public investment efficiency within the Sochi-2014 Olympics.

FORMS OF PUBLIC-PRIVATE PARTNERSHIP IN THE SYSTEM OF GUARANTEE OF NATURAL TECHNOLOGICAL AND ENVIRONMENTAL SAFETY

2019 ◽  
pp. 34-40 ◽  
Author(s):  
Anatolii Stepanenko ◽  
Alla Omelchenko
Keyword(s):  
Economic Development ◽  
Environmental Safety ◽  
Public Private Partnership ◽  
Financial Resources ◽  
Private Partnership ◽  
Investment Projects ◽  
Ecological Infrastructure

The essence and significance of public-private partnership (PPP) are disclosed, its forms and role as the key tool for solving important problems of balanced economic development are highlighted due to the involvement in the implementation of strategies of private operators. Defined forms of cooperation aimed at organizing interaction under the «business-government-community» scheme, the classification of PPP types is described, its forms and significance are analyzed in the system of providing of natural and technological and environmental safety on the basis of preventive safety. The promotion of the partnership mechanism in preserving and developing the ecological infrastructure is disclosed. The use of PPP as a mechanism for attracting investment projects to financial resources, redistributing risks and strengthening the responsibility of PPP parties for the implementation of investment projects is shown.

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