RAISING TRUTHFULNESS OF INVESTMENT PROJECT ESTIMATION IN CONDITIONS OF RISK AND UNCERTAINTY

Abstract

The article analyzes key problems in managing investment projects in investment-construction industrial system. It studies effective economic tools on the basis of negentropical management developed for higher truthfulness of investment projects estimation in conditions of risk and uncertainty. The author puts forward ways of resolving the problem dealing with pricing system upgrading and estimate standardization through interaction of business and bodies of state power by setting-up a joint research center and a method of finding labour intensity for building new capital production assets and modernization of existing ones, which differs from traditional approaches. The method is based on fixed norms of labour costs and includes registration of all labour acts of workers depending on production conditions defined by the character of technological structure, where the production process is taking place. A conclusion was made that the new approach to labour intensity calculation can raise accuracy of efficiency assessment of investment projects. The proposed method (in contrast to estimation based mainly on expert procedures) would give an opportunity to assess the quality of technical solutions by several indicators and modernize the estimation rule. This method can be used for developing new variants of estimate-normative base and upgrading the existing ones.