Abstract

The complexity of a project as a system is characterized by the variety of elements and the number of possible initial and future states. It is possible to give an accurate mathematical description of a complex system based on the study of entropy. The entropy of states is defined as a measure of the diversity of the set of possible options. A construction project that includes a large number of heterogeneous innovative components belongs to the group of complex projects. The problem of control is to reduce its diversity by reducing the set of all states to a subset of states that satisfy the goals of control. Consequently, the essential characteristics of the innovativeness of a construction project should be studied in relation to the sphere of occurrence of the effect from the application of innovations. It seems logical to consider the effects of the introduction of innovations throughout the life cycle of an investment and construction project, which can be presented as an integral production and economic system.

Highlights

  • The construction industry, having certain organizational, economic, technical and technological features, peculiarities of pricing for construction work and services, is characterized by the specificity of the perception of an innovative product

  • The main obstacle to the introduction of innovations in the construction industry is the multidirectional vectors of economic interests of all participants in the investment and construction cycle of creating fixed assets for production and non-production purposes [14]

  • Construction project management principles for Russian conditions [developed by the author] Focus on a process that contributes to the creation of a unique product Ensuring standards

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Summary

Introduction

The construction industry, having certain organizational, economic, technical and technological features, peculiarities of pricing for construction work and services, is characterized by the specificity of the perception of an innovative product. The characteristic of the construction industry as an “innovative conservative” is explained precisely by its specificity - the length of the production cycle for the implementation of the investment project, a huge number of participants, high risks and a long payback period for the customer's (investor's) invested capital. The main obstacle to the introduction of innovations in the construction industry is the multidirectional vectors of economic interests of all participants in the investment and construction cycle of creating fixed assets for production and non-production purposes [14]. Only one of the many participants in the investment and construction cycle is showing commercial interest in the innovative characteristics of the future facility the customer (investor), as well as the future consumer (purchaser) of the construction industry products. The state, as an integrator of the commercial interests of subjects of economic relations (entrepreneurs) and innovation processes, should act as a unifying force capable of leveling the unevenness of economic claims and redirecting the target “entrepreneurial vectors” of participants in one direction (Fig. 1)

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