Evaluation of the efficiency of innovative projects

Abstract

The purpose of the work is to consider methods for evaluating innovative projects that influence decision-making. The relevance of this study is due to the fact that for the successful functioning of the enterprise, it is necessary to reorient itself to new competitive types of goods and services, as well as to conquer new markets for products. One of the main sources of competitive advantages and development are innovations that allow the effective implementation of innovative projects, which become the most important resource for the enterprise. Hence the need to use technological advances in the production of goods and services, constantly improving their quality, finding new ways to reduce costs and increase competitiveness. To form approaches to determining the strategy of development and survival, organizations should always keep in mind the key issues of the strategic plan in the field of creating and developing new, unique and competitive products.

Keywords

• innovation project
• innovation
• economic assessment
• financial assessment
• efficiency
• efficiency assessment