Abstract
A value-oriented approach to assessing regional economic development projects
Highlights
Any region or a territorial community is a complex socioeconomic system, the development of which occurs under the influence of a certain set of endogenous and exogenous factors
It is possible to ensure the high efficiency of project management as a key to the success of regional sustainable development strategies, that can only be done by laying down the following principles:
In order to assess the project value in the context of the regional strategy objectives implementation, it is necessary to identify the causal links between the project results (Critical Success Factors, CSFs) and the indicators for achieving the results of the operational objectives of the strategy and determine their impact on the achievement of strategic objectives of the strategy
Summary
Any region or a territorial community is a complex socioeconomic system, the development of which occurs under the influence of a certain set of endogenous and exogenous factors. Despite the relative simplicity of the conceptual strategic management model, its construction and implementation in a particular region or a community is facing a number of obstacles that can be grouped into the following blocks: 1) complexity of the mechanisms for identifying and supporting the strategic priorities of the region (community) development and their interrelation with the operational objectives of the respective strategies; 2) difficulty of establishing effective relationships between the subsystems of strategic planning and program management. The efficiency of the financial resources use directed at development projects is low
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