Elaborating Multifactor System of Assessing Efficiency of Development Project
Year: 2025
Type: article
Abstract: The article studies specific features of assessing the development project efficiency by using technologies of information modeling (TIM) in view of principle stakeholders. It showed what kind of impact TIM exercises on each of concerned parties and on their relations with the developer, what advantages and drawbacks depend on the degree of information model integration in company business-processes. By results of the analysis and on the basis of the classic system of project appraisal a new multifactor assessment of the development project efficiency was elaborated and put forward, which demonstrates interest of stakeholders in participation in the project using TIM. This appraisal uses the matrix that shows cash flows of each stakeholder in the project and allows them to find in advance the way of interaction with concerned parties of the project and to choose the most appropriate companies for further partnership. On the basis of the matrix it is possible to forecast expectations of the project on the part of all stakeholders at different stages of its implementation. It could help the developer work out the optimum strategy of interaction at a certain moment of time. The author came to a practical conclusion about efficiency of using and opportunity of introduction of such appraisal system in construction.
Author: G. S. Volyanyuk
Institution: Plekhanov Russian University of Economics
Language: English
Field: Decision Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4408568844