DEVELOPMENT OF A MODEL FOR BALANCED EVALUATION OF PROJECT SUCCESS BASED ON METHODICAL INDICATORS OF VALUE

Abstract

As part of the value-based approach to project management, a new economic metric was actually introduced - value as an indicator of the company's success. The basis of the value-based approach is the definition of indicators that reflect the growth of the company's value. Assessment of the value of projects and their expertise should be carried out in a certain sense in a uniform manner, based on common indicators. A study of the system of indicators for management and balanced assessment of the value of projects was carried out. Indicators are considered in the context of the development of existing project management systems. It is proposed to divide the existing system of indicators into three groups: methodological, methodological and operational. The hypothesis that the success of the project mission can be predicted based on the values of the indicators of a group of methodological indicators for assessing the values of the project is confirmed. Using modern mathematical methods, it is shown that in the group of methodological indicators for project evaluation, each of the indicators objectively reflects the value, and sometimes the effectiveness or success of the project, since each indicator is used as the main one for a certain type of project. The model developed by the authors can serve as a methodological basis for managing the value of projects. The proposed model makes it possible to assess the value of project activity in terms of its effectiveness based on only one, any indicator of a group of methodological indicators for assessing the value of the project. The model allows the use of value management tools at different stages of the project life cycle. In addition, the mechanisms presented in the work are universal and can be used in projects implemented using various approaches: both within the framework of classical project management and using “flexible” or hybrid methods. The article shows that the group of methodological indicators objectively reflects not only the success of the project. Considering any of the indicators, one can conclude about the effectiveness or success of the project mission or strategic goal.