Nataliia Malova, Olga Vedenina
Features of Implementation of Investment Projects in Construction
FSBEI HE «Donbas National Academy of Civil Engineering and Architecture»
Abstract. An analysis of approaches to defining the concepts of «investment» and «investment project» existing in domestic and foreign economic science is carried out in the article. The classification of investment projects in accordance with the main classification criteria is presented. The stages, subjects and objects of the process of implementing an investment and construction project are reviewed. The need to take into account the specifics of the construction industry when implementing investment projects is justified. These include: significant investment and time resources; complex structure of the investment and construction project; presence of a large number of risks; imperfection of the legislative and regulatory framework; the need to take environmental factors into account; the objective need for state regulation, etc. It has been determined that effective management of investment projects in construction makes it possible to timely understand whether all indicators comply with the stated standards and what adjustments should be made.
Keywords: investments, capital investments, investment activities, investment project, construction.
Yuliya Novikova, Vyacheslav Kovalchuk
Program and Design Approach as a Tool for Effective Real Estate Management in the Region
FSBEI HE «Donbas National Academy of Civil Engineering and Architecture»
Abstract. The research is devoted to the analysis of factors affecting the effectiveness of management decision-making methods in the process of reproduction of housing stock in modern conditions. It generalizes and systematizes the existing experience in the field of housing stock management, identifies key problems and unresolved issues. On the basis of a comprehensive approach to the analysis of the effectiveness of management decisions the socio-economic, technological and organizational factors affecting the process of reproduction of the housing stock are considered. The main directions of increasing the efficiency of decision-making methods, including the use of information technologies, improvement of the system of planning and implementation of investment projects, optimization of management processes and stakeholder interaction are highlighted. The results of the research have practical significance for state and local governments, developers, operating organizations and other participants of the housing stock reproduction process. The developed recommendations and proposals can be used to improve the effectiveness of management decisions and improve the quality of housing stock in modern conditions.
Keywords: housing stock reproduction, efficiency, management, factors, methods.
Valentina Raschupkina, Ivan Lifintsov
Development of the Methodology of Process Management of Quality and Competitiveness of Construction Products
FSBEI HE «Donbas National Academy of Civil Engineering and Architecture»
Abstract. This article is devoted to the development of the methodology of process quality management and its impact on the competitiveness of construction products. The article provides a historical overview of the methodology of process quality management in construction, discusses the basic principles and application of this technique. Special attention is paid to the role of the methodology of process quality management in increasing the competitiveness of construction products. The article also discusses the problems and challenges faced by companies when implementing the methodology of process quality management in construction. Finally, the article provides recommendations for improving the effectiveness of this technique, which will help companies improve the quality of construction products, increase customer satisfaction and strengthen their competitiveness in the market.
Keywords: methodology of process quality management, competitiveness, construction products, efficiency assessment, quality management problems, technology implementation, digitalization, process automation, innovative techniques, recommendations, benefit and risk analysis, research results.
Yulia Svetlichnaya, Tatiana Savelyeva, Yaroslav Kovalenko, Anton Macriu
Social Efficiency in Technical Renarmation and Modernization
FSBEI HE «Donbas National Academy of Civil Engineering and Architecture»
Abstract. The article discusses aspects of achieving social efficiency in the implementation of technical re-equipment and modernization projects. It has been revealed that technical re-equipment and modernization are an obligatory element of ensuring qualitative transformations that form the prerequisites for the sustainable development of economic systems at different levels – from functional-territorial (simple) to systems at the city, region, and state levels. Pursuing primarily economic results at the level of implementing projects for technical re-equipment and modernization, enterprises and organizations set appropriate trends for the formation of positive changes already at the level of the urban economic system, not only in the economic, but also in the social aspect. It is noted that the urban economic system is the level at which it is possible to capture the social effect from technical re equipment and modernization.
Keywords: technical re-equipment, modernization, social effect, economic system, development.
Nina Tarkhanova, Andrey Tymoshko, Robert Bents
Features of Cost Management of an Investment-Construction Project at Different Phases of its Life Cycle
FSBEI HE «Donbas National Academy of Civil Engineering and Architecture»
Abstract. The article provides a theoretical analysis of the conceptual apparatus and outlines the features of cost management at various phases of the project life cycle. The concept of cost-based cost management and the concept of value-based cost management are considered. The basic principles of cost management are outlined. The principles for assessing the effectiveness of investment-construction projects have been clarified. The main shortcomings and errors in managing the cost of an investment-construction project at various phases of its life cycle have been identified. Justification of the cost of an investment-construction project is one of the most important issues in economic science and practice. The relevance of the study in the field of cost management of investment-construction projects is due to the role and features of construction, which is the engine of development of the country’s economy, on the one hand, and, on the other hand, construction is one of the capital-intensive and resource-intensive industries that contribute to the attractiveness and investment activity of other sectors of the economy. In such conditions, the problem of managing the cost of investment-construction projects becomes particularly relevant.
Keywords: investment-construction project (ICP), ICP cost management, cost management principles, value management, cost, investment cost, economic efficiency of ICP, market value, estimate.
Vitaly Ushakov, Ekaterina Akulova
Infrastructure of Assessment Activities in Construction
FSBEI HE «Donbas National Academy of Civil Engineering and Architecture»
Abstract. The article presents data on the existing infrastructure of assessment activities in construction, highlights the main stages at which the need to use assessment procedures arises, and also provides data on information support for assessment activities. It was revealed that all stages of construction are subject to assessment – from choosing a land plot to determining the amount of necessary investments, as well as taking into account risks, assessing reliability, and choosing the optimal construction technology. The article indicates that the objects of assessment activities in construction are built-up and undeveloped land plots and their parts, capital construction projects and their parts, residential and non-residential premises, taking into account the property rights associated with them. It is noted that appraisal activities in construction are aimed at achieving a specific result, one of the manifestations of which is the ability to manage the value of real estate depending on the results of the analysis of the most effective use.
Keywords: construction, appraisal activities, valuation, real estate.
Nina Yarkova, Maxim Prohorov
Risk Factors in the Realisation of an Investment Project in an Unstable Economic Environment
FSBEI HE «Donbas National Academy of Civil Engineering and Architecture»
Abstract. This paper is devoted to the actual topic of our time – investment risks, in particular, the types of such risks and factors contributing to the unsuccessful outcome of an investment project. To make effective and reasonable decisions in the course of investment project implementation, it is not enough to understand the causes of unfavourable situations. It is necessary to make managerial decisions in accordance with the peculiarities of the external and internal environment of the project. It should also be taken into account that a significant role is played by the planned indicators of the project, information about its current state and deviations from the forecast values. A special role is played by the ways of processing information arrays. In this regard, this paper contains an example of an investment project risk management mechanism, as well as analysing the essence of methods of investment risk assessment, taking into account their positive and negative sides.
Keywords: investment, investment project, risk, risk factors, risk management, risk assessment.
Marina Grakova
Improving Approaches to Evaluating the Effectiveness of Management Decisions During Reconstruction of Real Estate Properties
FSBEI HE «Donbas National Academy of Civil Engineering and Architecture»
Abstract. This study is devoted to the issues of making appropriate management decisions in the process of implementing a real estate reconstruction project. Based on a generalization of existing normative approaches, a point of view has been formed on the essence, main goals and objectives of reconstruction at the present stage of development. The problems of calculating the efficiency indicators of a reconstruction project, caused by the technical and organizational features of the reconstruction of a real estate property, have been identified. Comparative and absolute approaches to determining the level of economic efficiency of a reconstruction project are considered. A thesis has been formed about the need to improve existing approaches. Based on the internationally recognized methodology for assessing the effectiveness of investment and construction projects, a methodological approach to analyzing the current effectiveness of a reconstruction project has been formed. An algorithmized sequence of its implementation and a list of key indicators have been generated, allowing one to form a conclusion about the future fate of the project.
Keywords: reconstruction, project, efficiency, methodology, indicators, management decision.