Systematization of Methodical Approaches on Evaluation of Efficiency of Innovative Projects
Journal Title: Економічний часопис Східноєвропейського національного університету імені Лесі Українки - Year 2018, Vol 1, Issue
Abstract
The article deals with the content of the concept «innovative project», the proposed classification of innovation projects. The model of an innovative project with risk taking is developed. The peculiarities of evaluation of innovative projects were studied and recommendations on the selection of indicators of efficiency of innovative projects were developed. Evaluating the cost-effectiveness of innovation projects is usually associated with some difficulties: a large number of partial indicators characterizes its own separate aspect of efficiency, complicates the evaluation and selection of effective and ineffective projects. To solve this problem, the author recommends using an integral indicator of economic efficiency that takes into account partial performance indicators of the innovation project stages and allows determining the overall level of economic efficiency based on the rating. The integral indicator greatly facilitates the evaluation and selection of innovative solutions, as well as the comparison between alternative approaches and the choice of the direction of capital investment by the enterprise. This will allow monitoring the dynamics of the main values of the innovation project: to investigate the dependence of the final results on management decisions and, accordingly, to distribute the limited financial resources rationally; respond timely to changes in the internal and external environment.
Authors and Affiliations
Nadija Rud
Keywords
Related Articles
- EP ID EP409783
- DOI 10.29038/2411-4014-2018-01-55-62
- Views 110
- Downloads 0
Formation and Development of the European Union Monetary and Financial Mechanism of Anti-Crisis Regulation
The nature, functions and structure of the monetary and financial mechanism of anti-crisis regulation in the EU are explored. In particular, the role of the European System of Central Banks and the European Commission in...
The Optimization of Ecological and Economic Systems is on the Basis of the Antysypatyvne Management
The author singled out stages of implementation the antysypatyv management of ecological and economic system of enterprises. The author analyzes the main advantages and disadvantages of using the method of «decision tree...
Marketing of Near-border Rural Areas of Ukraine as a Factor of its Development and Stimulation of Convergence in Joint Cross-border Space with the EU
The main problems of development of near-border rural areas of Ukraine at the present stage of European integration are outlined. In particular, the attention is focused on the lack of effectiveness of the use of resourc...
Essentials and Economic Fundamentas of a State’s Fiscal Space
Modern trends in a state’s economic system functioning feature the multiplicity of its components, along with the dynamic structure of development and certain imbalances, caused by permanent crisis phenomena, increased e...
Financial Stability of Trade Sphere Companies as a Precondition to Their Development: Conclusions for Financial Support
Considering the generalized methodological basis for evaluation of trade sphere companies’ financial stability, the article contains the analysis of financial stability current status and dynamics, being based on the ass...