Comprehensive economic analysis and assessment of project implementation efficiency

Abstract

Subject. The article is devoted to comprehensive analysis of projects to improve the effectiveness of their implementation. Objectives. The aim is to develop a comprehensive methodology for evaluating the effectiveness of project implementation in conditions of uncertainty and risk. Methods. The study draws on systems approach, using general scientific research methods, like deduction, classification, systematization, synthesis, analysis, and empirical research tool, i.e. questionnaires. The theoretical basis of the study was the works of Russian scientists in the field of economic analysis. Results. We developed a methodology for complex economic analysis and evaluation of project implementation efficiency. It includes three analytical blocks: project closure risk assessment by life cycle phase, based on integrated indicators obtained under the method of multidimensional comparison; project ranking, using the hierarchical cluster analysis of time, resource and quality limitation indicators as part of the total portfolio of projects; scoring diagnostics of the level of organizational, methodological and functional maturity of project management system, using the proposed system of test indicators. Conclusions. It is necessary to organize analytical support for projects to increase the efficiency of their implementation and maintain the financial stability of an economic entity applying project management. The developed methodology enables evaluation upon project completion and after the end of individual phases, which makes it possible not only to prepare an information base for making operational management decisions, but also to generate data for adjusting the project management strategy in the organization.