The Effective Use of National Recovery and Resilience Plan Funding: A Methodological Approach for the Optimal Assessment of the Initiative Costs
With reference to the National Recovery and Resilience Plan (NRRP), the financial budget provided for a specific project constitutes a fundamental constraint to be taken into account in the selection phase of the initiatives to be carried out. In the present research, a methodological approach based...
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-10-01
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| Series: | Land |
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| Online Access: | https://www.mdpi.com/2073-445X/11/10/1812 |
| _version_ | 1827597647256485888 |
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| author | Francesco Tajani Felicia Di Liddo Rossana Ranieri |
| author_facet | Francesco Tajani Felicia Di Liddo Rossana Ranieri |
| author_sort | Francesco Tajani |
| collection | DOAJ |
| description | With reference to the National Recovery and Resilience Plan (NRRP), the financial budget provided for a specific project constitutes a fundamental constraint to be taken into account in the selection phase of the initiatives to be carried out. In the present research, a methodological approach based on an optimization algorithm that allows one to minimize the differential between the assessed costs and the budget provided for the project, has been defined. The methodology is organized in three phases and, by borrowing the logic of the Operational Research, aims to minimize the gap between the costs assessed by the expert technician and the final costs, in order to fit the preliminary set budget. In this sense, the developed tool constitutes an effective support for Public Administrations and private investors for choosing the investments to be implemented, in order to identify the best initiatives in which to allocate the public funding, by preventing needless waste of limited financial resources that could be invested in alternative interventions, and to generate further benefits for the communities. |
| first_indexed | 2024-03-09T03:35:21Z |
| format | Article |
| id | doaj.art-412afb2c298c4789bb78e0193a9d871f |
| institution | Directory Open Access Journal |
| issn | 2073-445X |
| language | English |
| last_indexed | 2024-03-09T03:35:21Z |
| publishDate | 2022-10-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Land |
| spelling | doaj.art-412afb2c298c4789bb78e0193a9d871f2023-12-03T14:49:47ZengMDPI AGLand2073-445X2022-10-011110181210.3390/land11101812The Effective Use of National Recovery and Resilience Plan Funding: A Methodological Approach for the Optimal Assessment of the Initiative CostsFrancesco Tajani0Felicia Di Liddo1Rossana Ranieri2Department of Architecture and Design, Sapienza University of Rome, 00196 Rome, ItalyDepartment of Civil, Environmental, Land, Building Engineering and Chemistry, Polytechnic University of Bari, 70126 Bari, ItalyDepartment of Architecture and Design, Sapienza University of Rome, 00196 Rome, ItalyWith reference to the National Recovery and Resilience Plan (NRRP), the financial budget provided for a specific project constitutes a fundamental constraint to be taken into account in the selection phase of the initiatives to be carried out. In the present research, a methodological approach based on an optimization algorithm that allows one to minimize the differential between the assessed costs and the budget provided for the project, has been defined. The methodology is organized in three phases and, by borrowing the logic of the Operational Research, aims to minimize the gap between the costs assessed by the expert technician and the final costs, in order to fit the preliminary set budget. In this sense, the developed tool constitutes an effective support for Public Administrations and private investors for choosing the investments to be implemented, in order to identify the best initiatives in which to allocate the public funding, by preventing needless waste of limited financial resources that could be invested in alternative interventions, and to generate further benefits for the communities.https://www.mdpi.com/2073-445X/11/10/1812construction costscosts assessmentNRRPmethodological approachbudget of the projectoptimization algorithm |
| spellingShingle | Francesco Tajani Felicia Di Liddo Rossana Ranieri The Effective Use of National Recovery and Resilience Plan Funding: A Methodological Approach for the Optimal Assessment of the Initiative Costs Land construction costs costs assessment NRRP methodological approach budget of the project optimization algorithm |
| title | The Effective Use of National Recovery and Resilience Plan Funding: A Methodological Approach for the Optimal Assessment of the Initiative Costs |
| title_full | The Effective Use of National Recovery and Resilience Plan Funding: A Methodological Approach for the Optimal Assessment of the Initiative Costs |
| title_fullStr | The Effective Use of National Recovery and Resilience Plan Funding: A Methodological Approach for the Optimal Assessment of the Initiative Costs |
| title_full_unstemmed | The Effective Use of National Recovery and Resilience Plan Funding: A Methodological Approach for the Optimal Assessment of the Initiative Costs |
| title_short | The Effective Use of National Recovery and Resilience Plan Funding: A Methodological Approach for the Optimal Assessment of the Initiative Costs |
| title_sort | effective use of national recovery and resilience plan funding a methodological approach for the optimal assessment of the initiative costs |
| topic | construction costs costs assessment NRRP methodological approach budget of the project optimization algorithm |
| url | https://www.mdpi.com/2073-445X/11/10/1812 |
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