COST-BENEFIT ANALYSIS OF SMART CITY PROJECT MANAGEMENT: AGHALI SMART VILLAGE PROJECT EXAMPLE

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COST-BENEFIT ANALYSIS OF SMART CITY PROJECT MANAGEMENT: AGHALI SMART VILLAGE PROJECT EXAMPLE

Journal Title: Scientific Work - Year 2023, Vol 17, Issue 9

Abstract

Abstract Smart cities are establishing themselves as a viable solution to the issues brought by rising urbanization and technology advances. Smart city project execution requires thorough analysis of costs and benefits to enable long-term growth. CBA is a critical tool in smart citiy project management, assisting in determining the economic viability and possible implications of large-scale urban initiatives. As demonstrated in the Aghali Smart Village Project, CBA provides significant insights that enable decision-makers to make informed choices, prioritize investments, and build long-term, technologically sophisticated communities. Smart city projects can pave the way for more efficient, habitable, and sustainable urban environments by identifying the correct balance between costs and benefits. This article discusses the Aghali Smart Village Project's Cost-Benefit Analysis (CBA), demonstrating the practical use of project management concepts in the context of a real-world smart city endeavor. By investigating the project's financial, social, technological, economic, environmental, and stakeholder participation components, significant insights into the complexities and nuances of smart city project management have been acquired.

Authors and Affiliations

Aytakin Gasimzadeh

Keywords

EP ID EP750072
DOI 10.36719/2663-4619/94/55-61
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