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Organizational and Financial Support of Investment Project Management in the Economic Development of the Regions of Ukraine

Author

Listed:
  • Ihor Zvarych
  • Olena Zvarych

Abstract

Investment project management is a crucial component of the economic development of any country region, including Ukraine. Each project goes through certain stages in the implementation, while competent management activity plays a very distinct role. The main objectives of this study were to highlight the current issues of project management in the context of building the potential for regional development and to create a model for managing various investment projects that would be most suitable for the majority of Ukrainian entrepreneurs and to increase the efficiency of their functioning. The methods used quite actively in this study were analysis, deduction, induction, historical, modelling and others. The researchers define the essence of the concept of investment project, in particular, as a set of processes (planning, execution, management analysis) where the project is born and implemented. At the same time, all of the processes described above have subcomponents also characterized by certain features. This approach helped to describe in detail and consider the essence of investment project management. This work also shows that the most effective methodology for enterprise managing processes can be network planning and governing. It has certain comparative advantages, helping to depict the future planned management and implementation process in the form of graphs and models and to manage all internal processes during the project life cycle quite effectively, including technological and production steps. Therefore, this work brings new knowledge to the management theory, opening the way to a different view of the basic principles of investment project management.

Suggested Citation

  • Ihor Zvarych & Olena Zvarych, 2024. "Organizational and Financial Support of Investment Project Management in the Economic Development of the Regions of Ukraine," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 3-13.
  • Handle: RePEc:bas:econst:y:2024:i:1:p:3-13
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    File URL: https://www.iki.bas.bg/Journals/EconomicStudies/2024/2024-1/01_Ihor-Zvarych.pdf
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    References listed on IDEAS

    as
    1. Omid Haass & Neda Azizi, 2020. "Challenges and solutions across project life cycle: a knowledge sharing perspective," International Journal of Project Organisation and Management, Inderscience Enterprises Ltd, vol. 12(4), pages 346-379.
    2. Josephine Ofosu-Mensah Ababio & Anthony Q.Q. Aboagye & Charles Barnor & Samuel Kwaku Agyei, 2022. "Foreign and domestic private investment in developing and emerging economies: A review of literature," Cogent Economics & Finance, Taylor & Francis Journals, vol. 10(1), pages 2132646-213, December.
    3. Bakyt Beknazarov & Roza Niyazbekova & Ussen Amirseitov & Aiganym Kokenova & Marzhan Daurbayeva & Madina Aitkazina, 2020. "Development of entrepreneurship and forms of self-employment in the innovative sectors of the economy," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 209-228, December.
    4. Ezo Emako & Seid Nuru & Mesfin Menza, 2022. "The effect of foreign direct investment on structural transformation in developing countries," Cogent Economics & Finance, Taylor & Francis Journals, vol. 10(1), pages 2125658-212, December.
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    More about this item

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F35 - International Economics - - International Finance - - - Foreign Aid

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