Areas of application of project analysis in management activities

In modern conditions, project analysis is considered one of the main types of work and research methods carried out by the project initiator at the pre-investment stage of the project in order to determine the socio-economic efficiency of the project, the set of risks and the feasibility of implementing the project and organizing its financing. The article clarifies the content of project analysis as an important tool for monitoring the implemented investment project, comprehensive assessment of its real effectiveness, and therefore project analysis should be used at all stages of the project life cycle. In general, modern project analysis uses various types of project analysis, in particular: express analysis; strategic; technical; commercial; institutional; project risks; ecological; financial and economic. It is substantiated that the rational implementation of the enterprise’s investment activities includes several stages of project calculations with different degrees of detail, for the following reasons: the time experts spend on redundant calculations is reduced; better visibility is provided in the early stages of project activity; it becomes possible to take into account the interests of various parties involved in the implementation of the project and quickly change their number and composition; already at the initial stage there is a general assessment of the required investment amount. This allows you to reduce projects with a deliberately overstated or understated investment budget; depending on the specifics of the project, determined at the early stages, it is possible to vary the calculation methods. It has been established that the use of project analysis in management allows for the creation of a single system of investment planning, which makes it possible to monitor the progress of projects in real time. The most relevant areas of application of project analysis in the management activities of economic entities are substantiated.