Developing a project-controlling model in telecommunications companies

Abstract

Subject. The article considers the investment project management system. Objectives. The aim is to develop a project-controlling model in telecommunications companies. Methods. The study employs logical and systems approaches, general scientific methods of analysis and synthesis, and comparative analysis. Results. We developed a project-controlling model for companies operating in the telecommunications sector, including the description of key input data to the system; the main stages of project development and control. The paper presents recommendations on the development of a project management reporting system and a decision management subsystem. Conclusions. The advantages of the proposed project-controlling model include the ability to manage a balanced set of heterogeneous (financial and non-financial) goals that cover all project perspectives, from technology to finance; the use of risk management approaches and tools to identify project weaknesses, bottlenecks, and external threats; the formation of a system of benchmarks that enables to track the impact of emerging deviations at the level of current goals on the achievement of project’s strategic goal; the use of preventive control to predict deviations; periodic analysis of real possibilities of project implementation to prevent its inefficiency. The proposed model can be applied at telecommunications sector enterprises, and at enterprises of other industrial sectors characterized by high uncertainty of the external environment, a short product life cycle, and requiring regular investments.