Management of Territorial Economic Development: Project Approach

Abstract

The urgency of the research topic is due to the need for rapid response of regions to changing environmental processes in the context of the spread of digitalization and active introduction of innovative technologies. In today’s market economy, project management is becoming a necessary factor in ensuring the competitive advantage of many regions. The purpose of the article is to substantiate the need for a project approach to the management of economic development of territories. Methods of analysis, synthesis, scientific abstraction and logical generalization are used to fulfill the goal. Trends in the evolutionary development of project management are identified. It is noted that one of the new alternative directions in the development of project management is flexible project management. It is determined that at the level of regional management the project approach can be used both for the implementation of individual projects and in the implementation of targeted programs. It is proved that an integral part of the successful implementation of regional projects is the formation of a system of training methods and tools of project management. The foreign experience of project management application at the regional level is analyzed and three key models are identified: American, European, Canadian. The key principles of using the project approach to the management of economic development of territories are identified, namely: systematization, integration, balance, dynamism, decomposition, competence. The practical significance is to identify the features of the project approach to regional development management, which must be taken into account: openness and publicity of regional projects; increased control over the targeted use of local budget funds for regional projects; the complexity of assessing the effectiveness of the regional project; difficulties in setting priorities and differentiating regional projects

Keywords

• economic development
• project management
• regional development
• flexible management methods
• regional projects
• project approach