Features of Strategic Solutions in the System of Project Financing
DOI:
https://doi.org/10.36683/2076-5347-2019-4-50-59-65Keywords:
проектный цикл, система проектного финансирования, стратегия участника проекта, Strategic Decisions, project cycle, project financing system, the project participant strategyAbstract
Research of strategic advantages provided by project financing technique while managing resource-demanding and high-risky megaprojects is carried out in the article. The analysis of influence of the system of design financing on the sequence and character of strategic decisions accepted by the participants of the project is carried out. At the stage of choice of corresponding realization technique of the developed project strategic decisions should consider the necessity of specialized control system of the project, distribution systems of the risk between its participants, features of attraction of extra capital at project financing, advantages and risks of using corresponding technique of project management. At the stage of realization of administrative actions on practical use of of project financing technique, strategic decisions are carried out within the limits of specific project cycle. In the article the analysis of project cycle is carried out and features of strategic decisions realization at pre-investment, investment and operational stages are revealed. At pre-investment stage the necessity of coordination of estimation of the project parametres, and the purposes and actions of the parties interested in its realization are such essential characteristics. At an investment stage these are project participants dedication to the developed all-round project model and readiness to provide additional resources if necessary. At operational stage they are observance of the principles of cash flow distribution and to restrict re-investment powers of those operating the project. In the article the strategy of a potential project participant are suggested depending on the results of the efficiency analysis of its participation. The conclusion is made that the use of project financing structures gives strategic advantages at realization of projects under conditions of astable social and economic and legal environment.Downloads
References
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