Essence and value of enterprises’ business projects
Journal Title: Економіка. Фінанси. Право - Year 2019, Vol 1, Issue
Abstract
Enterprises are the basis of the market economy and one of its most important elements. They play an important role in the economic development of each state; they are places of investment capital concentration; they are centers for the innovative transformations and scientific and technological progress implementation. Business entities are characterized by different production volume, product assortment, market orientation, etc.; they operate in different sectors of the economy. They move from one to the other phase of the business cycle. Despite such diversity, a common thing for businesses is that their activities are closely related to the formation and implementation of various business projects. The effectiveness of such business projects in modern conditions is an important precondition for the effectiveness of the companies’ production and economic activities in general. The historical perspective of the interpretation of the concept “project” content is considered, as well as the main definitions of this concept in the scientific literature are presented. It has been established that the concept of “project” was most often used in the technical field and was identified mostly with the documentation of the particular object. Nowadays, the scope of the formation and implementation of various types of projects has significantly expanded including the economics and management direction, too. It is proved that the concept of “project” is considered in many aspects in the literature: as a type of activity, as a set of certain actions, as a process, as a management tool, as an operating document, etc. Different definitions of this concept, on the one hand, contradict each other, but on the other complement the meaning of this notion. According to the results of the research, the business project concept is proposed to be interpreted as a set of coordinated, purposeful actions in the business, having a one-time nature, limited by the resource provision, relatively separate from the current operational activities of the company and are aimed at obtaining pre-determined results. Thus, the concept of a “business project” is proposed to be interpreted from the standpoint of the International Project Management Association, taking into account the conditions under which certain activities can be named a project (one-time nature – the implementation of a unique set of actions; purposefulness – the focus on achieving the identified results; relative separation from the current operational activity of the company; limited resource provision; structural isolation – a business project is a separate organizational structure of the enterprise). There are a number of other features of enterprises’ business projects, namely: the purpose and objectives of each project; the need to have certain resources in a particular amount; the date of commencement of the project implementation and its completion or achievement of certain interim results; the need for initial investment.
Authors and Affiliations
Rostyslav Zenoviiovych Budynskyi
Keywords
Related Articles
- EP ID EP670743
- DOI -
- Views 74
- Downloads 0
Strategic directions of improving the process of forming the incomes of local budgets
Introduction. In the presence of negative trends and crisis phenomena in the economy, weak financial discipline, a high level of corruption, a low level of confidence in the public administration system, issues of fiscal...
Justification of approaches to adaptive management changes in the economic system
The article is devoted to problems associated with the operation of transformation of the economic system. We investigated the properties of the modern economic system transformation process. We also have justified the i...
The selection of planned independent function (single) of economic diagnosis among functionally developed systems' functional subsystems of strategic management of enterprises' activity
In the article the allocation of strategic management system of business and industrial associations to integrated economic subsystem diagnostics is substantiated. The expediency of creating in designed and operating sys...
The legal positions of ECHR in context of psycological mediation of law
The present article deals with the theoretical-legal issuess of using applied provisions of the legal psychology in the work of the European Court of Human Rights (Court). The author analyses the detached decisions of EC...
Economics of agricultural industry of Ukraine: "the resource curse"
The article defines the concept of the effect "the resource curse" and the reasons for its development. The negative consequences and factors of this effect were investigated, and the existence of the effect "the resourc...