Research of the concept of design organization and assessment of factors for forming the economic efficiency of investment projects

Authors

  • Petro Mykytyuk West Ukranian National University
  • Yuliia Mykytyuk West Ukranian National University
  • Yaroslav Zavytii West Ukranian National University

DOI:

https://doi.org/10.35774/visnyk2022.03.169

Keywords:

design, economic efficiency, investment project, work intensity, functional dependence

Abstract

Introduction. The expansion of the areas of enterprise activity contributed to the formation of a new concept of management, which was called project management. The necessity and expediency of the development of this direction of the company’s activity as project management is caused by the growth of the scale and complexity of projects, the strengthening of requirements for the terms of their development, implementation and implementation, optimization of the use of material, financial and human resources, the quality of work and final results.

Goal. Сonsists in the theoretical-methodical substantiation of the concept of investment design and assessment of the factors of formation of the economic efficiency of projects at the enterprise.

Research methods. In the research process, general scientific and special methods of cognition were used: analysis and synthesis, theoretical generalization and formal logic, system approach, classification, statistical analysis, generalization, observation, mathematical statistics, modeling, specification, technical and economic calculations.

Results. It has been found that the real organizational and technological norms of work performance determine the discrete nature of the «time-cost» dependence. It has been proven that the minimum amount of funding is achieved when all project works are performed with the minimum duration (maximum intensity) at certain stages. It is estimated that the performance of works that ensure the minimum amount of funding corresponds to the minimum term of the project. These results form the basis of the proposed methodology that maximizes investment efficiency.

Perspectives. The perspective is seen in the spread of the design concept at the stage of calendar planning, where there is a need to optimize the estimated production terms, which will act as a significant lever for increasing the intensity of the execution of individual works, which are accompanied by their increase in cost at various stages of the execution of works, taking into account risk and uncertainty factors.

Author Biographies

  • Petro Mykytyuk, West Ukranian National University

    D.Sc. (Economics), Professor, Professor of the Department of Management,

    Public Administration and Personnel
  • Yuliia Mykytyuk, West Ukranian National University

    Doctor of philosophy,

    Professor of the Department of Management, Public Administration and Personnel
  • Yaroslav Zavytii, West Ukranian National University
    PhD Student, Department of Management, Public Administration and Personnel

References

Antoniuk, L. L. Poruchnyk, A. M., Savchuk, V. S. (2003). Innovatsii: teoriia, mekhanizm rozrobky ta omertsializatsii : monohrafiia [Innovations: theory, mechanism of development and commercialization: monograph.]. Kyiv: KNEU. 394 p. [in Ukrainian].

Grynchutskyy, V. I. (2016). Interrelation of investment and innovation activies of the industrial enterprise. Global and national problems of economy, 13, 236-243. URL: http://globalnational.in.ua/archive/13-2016/49.pdf [in Ukrainian].

Telyshevska, L. I. (2011). Pershocherhovi umovy aktyvizatsii innovatsiinoi diialnosti yak osnovy tovarnoi polityky suchasnykh pidpryiemstv [Urgent measures for the activation of innovation activity as the basis of product policies of modern enterprises]. Ekonomika promyslovosti – Economy of Industry, 2-3 (54– 55), 188- 192 [in Ukrainian].

Ministry of Economic Development and Trade of Ukraine (2017). Order “On Approval of Methodical Recommendations for Preparation and Evaluation of The State Investment Project”. Retrieved from: https://ips.ligazakon.net/document/view/ ME171447?an=1 [in Ukrainian].

Resolution of the Cabinet of Ministers of Ukraine (2012). “Procedure and criteria for assessing the economic efficiency of project (investment) proposals and investment projects”. Retrieved from: http://www.me.gov.ua/Legislati veActs/Detail?lang [in Ukrainian].

Ministry of Economic Development and Trade of Ukraine (2012). Order “On Approval of Methodical Recommendations for the Development of an Investment Project, for the implementation of which state support may be provided”. Retrieved from: http:// www.me.gov.ua/ LegislativeActs/ Detail?lang=ukUA&id [in Ukrainian].

Marion, A. (1999). Le Diagnostic d’Entreprise [Business Diagnosis]. Paris: Ed. ECONOMICA [in Francian].

Mykytyuk, P., Semenets-Orlova, I., Blishchuk, K., Skoryk, H., Pidlisna, T., Trebyk L. (2021). Outsourcing as a tool of strategic planning in public administration. Studies of Applied Economics. 2021. Vol. 39, No 3. Retrieved from: http://ojs.ual.es/ojs/ index.php/eea/article/view/4718/0 [in English].

Brych V., Halysh N., Borysiak O., Zhekalo G., Sokol M. (2021). Management Model of Energy Enterprises Innovative Development Within Physiological Working Conditions. Propósitos y Representaciones. 2021. Vol. 9 (SPE3), e1173. DOI: http://dx.doi.org/10.20511/pyr2021.v9nSPE3.1173 [in English].

Selivanova, N., Borkovska, V., Holiachuk, N., Huz, M., Zaitsev, O. (2022). Improving Accounting and Management of Settlements with Foreign Suppliers in the Context of Global Digitalization on the Example of Agricultural Enterprise. Journal of Agriculture and Crops, Vol. 8, Nº 3, July 2022. Retrieved from: https://essuir.sumdu.edu.ua/ bitstream-download/123456789/88928/1/Selivanova_et_al_Accounting_2022.pdf;j sessionid=372E187AF5787151E03C8228DE2AED53 [in English].

Kotys, N. V., Mykytyuk, Yu. I. (2020). Methodical approaches to the analysis of the effectiveness of fixed assets of construction organizations on the basis of economic - mathematical modeling. Revista ESPACIOS. Vol. 41 (N 05). Retrieved from: https:// www.revistaespacios.com/a20v41n05/20410504.html [in English].

Trush, І. (2021). Methodical approaches to managing the efficiency of enterprise resources. EUREKA: Social and Humanities, 1 (Nº 01). Retrieved from: http://www. journal.eu-jr.eu/social/article/view/1605 [in English].

Published

2022-10-21

How to Cite

Mykytyuk, Petro, et al. “Research of the Concept of Design Organization and Assessment of Factors for Forming the Economic Efficiency of Investment Projects”. Herald of Economics, no. 3, Oct. 2022, pp. 169-82, https://doi.org/10.35774/visnyk2022.03.169.

Similar Articles

11-20 of 392

You may also start an advanced similarity search for this article.