Assessment of the efficiency of the decisions made during implementation of the investment project in construction

The imperfection of structure and the maintenance of stages of a predesign stage of implementation of the investment project creates some problems which pass into the subsequent stages of the reproduction cycle of a capital construction project, forming additional expenses of time, money and human r...

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Main Authors: Karakozova Irina, Prochorova Yulia
Format: Article
Language:English
Published: EDP Sciences 2018-01-01
Series:MATEC Web of Conferences
Online Access:https://doi.org/10.1051/matecconf/201819305002
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author Karakozova Irina
Prochorova Yulia
author_facet Karakozova Irina
Prochorova Yulia
author_sort Karakozova Irina
collection DOAJ
description The imperfection of structure and the maintenance of stages of a predesign stage of implementation of the investment project creates some problems which pass into the subsequent stages of the reproduction cycle of a capital construction project, forming additional expenses of time, money and human resources. The authors pay the main attention to the stage of justification of investments (mainly to the means of the federal budget) as to the key element of decision making on the project implementation and also to the technical-and-economical justification of the project, which determines the further design and construction of the facility of the real estate. It is offered to use the system of indicators for the assessment of efficiency of the made decisions on the basis of uncontrollable and controlled factors. The mathematical model of the factors, the order of definition of the extent of their influence is offered. Scenarios of the choice of the investment decision on the basis of the established principles in the conditions of uncertainty are described. The authors point out, that during introduction of the offered mechanism it is necessary to adopt the relevant amendments to the legislative and regulations of the Russian Federation, that in turn involves the emergence of a temporary log. However, the planned results of the work of the modernized system will affect positively on the reduction of duration of the predesign stage without any loss of its qualitative characteristics. Thus, that might become one of the key factors of sustainable development of modern cities.
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spelling doaj.art-d61fe4d7b1604bb6abe7ecd936ccc0de2022-12-21T18:13:36ZengEDP SciencesMATEC Web of Conferences2261-236X2018-01-011930500210.1051/matecconf/201819305002matecconf_esci2018_05002Assessment of the efficiency of the decisions made during implementation of the investment project in constructionKarakozova IrinaProchorova YuliaThe imperfection of structure and the maintenance of stages of a predesign stage of implementation of the investment project creates some problems which pass into the subsequent stages of the reproduction cycle of a capital construction project, forming additional expenses of time, money and human resources. The authors pay the main attention to the stage of justification of investments (mainly to the means of the federal budget) as to the key element of decision making on the project implementation and also to the technical-and-economical justification of the project, which determines the further design and construction of the facility of the real estate. It is offered to use the system of indicators for the assessment of efficiency of the made decisions on the basis of uncontrollable and controlled factors. The mathematical model of the factors, the order of definition of the extent of their influence is offered. Scenarios of the choice of the investment decision on the basis of the established principles in the conditions of uncertainty are described. The authors point out, that during introduction of the offered mechanism it is necessary to adopt the relevant amendments to the legislative and regulations of the Russian Federation, that in turn involves the emergence of a temporary log. However, the planned results of the work of the modernized system will affect positively on the reduction of duration of the predesign stage without any loss of its qualitative characteristics. Thus, that might become one of the key factors of sustainable development of modern cities.https://doi.org/10.1051/matecconf/201819305002
spellingShingle Karakozova Irina
Prochorova Yulia
Assessment of the efficiency of the decisions made during implementation of the investment project in construction
MATEC Web of Conferences
title Assessment of the efficiency of the decisions made during implementation of the investment project in construction
title_full Assessment of the efficiency of the decisions made during implementation of the investment project in construction
title_fullStr Assessment of the efficiency of the decisions made during implementation of the investment project in construction
title_full_unstemmed Assessment of the efficiency of the decisions made during implementation of the investment project in construction
title_short Assessment of the efficiency of the decisions made during implementation of the investment project in construction
title_sort assessment of the efficiency of the decisions made during implementation of the investment project in construction
url https://doi.org/10.1051/matecconf/201819305002
work_keys_str_mv AT karakozovairina assessmentoftheefficiencyofthedecisionsmadeduringimplementationoftheinvestmentprojectinconstruction
AT prochorovayulia assessmentoftheefficiencyofthedecisionsmadeduringimplementationoftheinvestmentprojectinconstruction