Features of Cost Management of an Investment-Construction Project at Different Phases of its Life Cycle
N. A. Tarkhanova, A. A. Tymoshko, R. A. Bents
FSBEI HE «Donbas National Academy of Civil Engineering and Architecture»
Annotation: 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.
Pages: 43-53.
Link for citation: Tarkhanova, N. A.; Tymoshko, A. A.; Bents, R. A. Features of Cost Management of an Investment-Construction Project at Different Phases of its Life Cycle. – Text : electronic. – In: Economics of Civil Engineering and Municipal Economy. – 2024. – Vol. 20, N 1. – Р. 43-53. – URL: https://donnasa.ru/publish_house/journals/esgh/2024-1/st_05_tarkhanova_tymoshko_bents.pdf (date of access: 27.07.2024). (in Russian)
Vol. 20, N 1 (2024)Journal: Economics of Civil Engineering and Municipal Economy
Publish house: Donbas National Academy of Civil Engineering and Architecture