Vlasenko V. A. Principle approach to managing the enterprise's investment activities in the conditions of safe implementation of real investment projects / International security studios : managerial, economic, technical, legal, environmental, informative and psychological aspects. International collective monograph. Tbilisi, Georgia : Georgian Aviation University, 2023. 1438 p. PP. 1293–1315.

Abstract

The conducted research is devoted to the problem of safe implementation of real investment projects based on the application of a principled approach to managing the enterprise's investment activities. The work substantiates the expediency of implementing a real investment project of the production direction according to the main phases of the investment cycle (pre-investment, investment and production). The stages of the investment project development process at the enterprise are recommended based on their formalization in the form of a project cycle, which will include the following stages: formulation of the investment project (identification); development (preparation) of the investment project plan at the enterprise; expertise (examination) of the investment project at the enterprise; implementation of the investment project at the enterprise; assessment of the results of the enterprise's investment project implementation. The author's version of the algorithm for the process of developing the technical and economic justification of the investment project at the enterprise is proposed. The stages of investment project development at the enterprise based on the monitoring mechanism are summarized. It is recommended to supplement the operational (production) stage of the project cycle at the enterprise with rehabilitation studies for individual stages. During the research, it was proposed to implement a real investment project – the launch of a qualitatively new technological line for the production of control and measuring devices from environmentally friendly glass at the hypothetical enterprise. The author recommends the components of the process of evaluating a real investment project or drawing up a capital investment budget at the hypothetical enterprise. As a result of the performance evaluation of the proposed real investment project for the hypothetical enterprise, the feasibility of its implementation was proven by calculating the indicators of Net Present Value (NPV), Profitability Index (PI), Internal Rate of Return on investments (IRR), Project Payback Period (PP). The economic and operational characteristics of the proposed development investment project at the hypothetical enterprise are summarized.