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.

Restaurant Management System (RMS) and Digital Conversion

2019 ◽  
pp. 70-98
Author(s):  
Emel Memis Kocaman ◽  
Mehmet Kocaman
Keyword(s):  
Management System ◽  
Maximum Level ◽  
High Standard ◽  
Management Systems ◽  
Management Process ◽  
Digital Conversion ◽  
Customer Expectations ◽  
Professional Management ◽  
Restaurant Management ◽  
Operation And Management

Customers expect a high standard and fast service from enterprises. In addition, competition among enterprises necessitates that enterprises renew themselves, meet customer expectations at maximum level, and raise the standard of products and services. Traditional restaurant management is inadequate to provide all this. This situation led to search, and restaurant management systems (RMS) have been developed. RMS, which emerged in the 1970s, are now much more developed, facilitating both the operation and management process and offering a professional management opportunity. RMS has made it possible for the restaurants to institutionalize and establish chain enterprises. Moreover, income and expense control can be made more effective via RMS. This chapter explains RMS and the operation of RMS via a sample program.

scholarly journals Audit as a Tool to Control the Functionality of Ships Safety Management Systems

2018 ◽  
Vol 1 (1) ◽  
pp. 615-621
Author(s):  
Elżbieta Wojniłko
Keyword(s):  
Energy Efficiency ◽  
Management System ◽  
Safety Management ◽  
Management Systems ◽  
Management Process ◽  
Evaluation Tool ◽  
Internal Auditor ◽  
Efficiency Assessment ◽  
Management Schemes

Abstract The aim of this paper is to assess whether audit may be recognised as the evaluation tool for management systems in terms of their functioning and ensuring constant improvement. The paper content refers to the role of both internal and external audit. It also includes a characteristic of an internal auditor as a person directly responsible for efficient and effective audit. A correlation between the management system and the management process based on the guidelines is a subject of the analysis, too. The paper includes also the presentation of the safety management system and ship energy efficiency management systems the implementation of which is obligatory at ships. However, they differ in the methodology of the efficiency assessment. The author analysed the data previously collected and the information obtained during interviews with individuals to whom were delegated the duties in the scope of the both management schemes. The possibility of the using audit as a tool to improve the energy efficiency of ships is also considered hereunder. A proposed solution that may be applied to develop detailed standards in terms of the ship energy efficiency management process is also included.

ANALYSIS OF THE RISK MANAGEMENT PROCESS IN THE QUALITY MANAGEMENT SYSTEM OF AN ENTERPRISE MANUFACTURING MEDICAL DEVICES

2020 ◽  
pp. 49-55
Author(s):  
T. A. Lartseva ◽  
O. V. Aleksashina ◽  
E. V. Pak ◽  
O. N. Grinyuk
Keyword(s):  
Risk Management ◽  
Quality Management ◽  
Medical Devices ◽  
Management System ◽  
Quality Management System ◽  
Management Systems ◽  
Management Process ◽  
Process Scheme ◽  
Market Conditions ◽  
Risk Management Process

In modern market conditions, any organization, including those engaged in the production of medical devices, must identify risks, carry out their analysis, and determine the degree of their influence on the achievement of goals. This forces enterprises, on the basis of standards for management systems, standards for risk management, including taking into account the specifics of organizations, to implement a risk-based approach, creating their own risk management mechanisms. The article presents and describes in detail the basis for the methodology of the risk management process scheme in the quality management system of an organization engaged in the field of medicine.

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 Financial Determinants of Public Investment Strategic Management

2019 ◽  
Vol 2 (2) ◽  
pp. 17
Author(s):  
Benedykt Opałka ◽  
Krzysztof Jarosiński
Keyword(s):  
Strategic Management ◽  
Public Investment ◽  
Capital Intensity ◽  
Theoretical Research ◽  
Specific Situation ◽  
Social Infrastructure ◽  
State Budget ◽  
Investment Projects ◽  
Public Investments ◽  
The Impact

Strategic management of investment projects in the public sector seems to be one of the more complex phenomena observed in the sphere of implementation of public investment tasks. The complexity of investment processes is influenced by a number of factors with varying impact. First of all, attention should be paid to the high capital intensity of public investment and the associated significant extension of the investment cycle. As a result of the impact of these factors, public investments in most cases require large capital expenditures, and their implementation takes much longer than, for example, in industry. Secondly, public entities responsible for the implementation of investments are in a quite specific situation, which means the continuous development of various components of technical and social infrastructure. Therefore, it is necessary to indicate the strategic dimension of these investments and, consequently, the necessity to use appropriate methods of financing and managing these investments. In principle, the main source of financing public investment is, and probably will remain, the state budget, and in relation to local self-government - the budgets of these units, and therefore public resources. The purpose of the paper is therefore to present the complexity of the issue of financing public investments in relation to the identified conditions for the development of socio-economic infrastructure, financed from public funds. The study has undertaken theoretical research on public investment and research on the possibility of implementing effective management methods in strategic perspective.

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.

A mechanism to improve the allocation of public investment funds

2020 ◽  
Vol 26 (7) ◽  
pp. 1522-1533
Author(s):  
A.V. Larionov
Keyword(s):  
Panel Data ◽  
Random Effects ◽  
Public Investment ◽  
Allocative Efficiency ◽  
Investment Funds ◽  
The Public ◽  
Panel Data Regression ◽  
Data Regression ◽  
Efficiency And Effectiveness ◽  
Effective System

Subject. This article deals with the issue of improving the public investment allocative efficiency. Objectives. The article aims to develop an approach to improve the efficiency and effectiveness of public investment in the economy. Methods. The study is based on a panel data regression with random effects. Conclusions and Relevance. All sectors of the economy have different demand for investment resources attracted, determined by operational and technological aspects. The results of the study can be used to develop an effective system of public investment.

Perspectives of using standards based on management systems for increasing the competitiveness of fruit and vegetable products in the republic of Uzbekistan

2019 ◽  
Vol 2 (4) ◽  
pp. 48-53
Author(s):  
Imomov Jamshidxon Odilovich
Keyword(s):  
Network Management ◽  
Management System ◽  
Fruits And Vegetables ◽  
Economic Reforms ◽  
Management Systems ◽  
Fruit And Vegetable ◽  
Network Management System ◽  
Food Markets ◽  
Vegetable Products ◽  
The Republic

This article examines the role and importance of agriculture in the economy of the Republic of Uzbekistan and demonstrates the need to improve the competitiveness of fruit and vegetable products in future economic reforms and the need for implementing a network management system. The SWOT method also shows the prospects and ways to increase the competitiveness of fruits and vegetables in the global agrarian and food markets.

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