Application of Value Oriented Approach to Strategic Management of Project Portfolio of Unified Territorial Communities

Abstract

The unified territorial communities are new structural units in the administrative system of Ukraine. In addition to the problems of regulatory and financial nature, issues of scientific and methodological substantiation of the processes of strategic development of the unified territorial communities on the principles of applying modern methodologies and project management practices are also relevant. The article develops methodological approaches to the formation and management of project portfolios for the implementation of strategies for the sustainable development of unified territorial communities on the principles of applying a value-oriented model of project management. The organizational aspects of the introduction of project management in the united territorial communities have been developed based on the creation of a project management office (committee) for managing strategies. The proposed approaches to the formation of territorial strategies will help to ensure the community's economic development and the effectiveness of utilizing the resources available to the communities.

The impact of European integration processes on the investment potential and institutional maturity of rural communities

“…To do this, the prospects for future research in this area include the need to develop a mechanism for the development of institutional maturity, which will be integrated into the system of strategic management and portfolio management of projects of the local community. In our opinion, given the identified problems in the strategic planning of rural development in this and previous studies (Kostiukevych & Kostiukevych, 2017), such a mechanism should be based on a value-oriented approach. It best allows you to assess the priorities in the investment portfolio of the community, to achieve compliance with the goals of sustainable development strategy of the local community through the decomposition of goals and Impact-indicators, as evidenced in the works of recognized scientists in strategic development (Delafontaine et al, 2015).…”

Is innovativeness influenced by proactiveness and risk-taking? Evidence from Poland based on structural equation modelling

“…Some researchers have speculated that, according to the above, we can treat EO as a certain feature of the firm that at the same time acts autonomously and proactively, takes risks by acting aggressively, and is innovative to take advantage of future market opportunities (Al-Mamary & Alshallaqi, 2022). This approach is aligned with the aim of combining strategic and project management principles to achieve competitive advantages (Kostiukevych et al, 2020). However, the most widespread and utilised is the three-dimensional construct of EO (Onwe et al, 2020;Semrau, Ambos, & Kraus, 2016;Bhatt et al, 2020).…”

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“…According to Porter, innovation is a tool for obtaining and maintaining competitive advantage and must be an organic part of a company's strategy and the market environment (Piperopoulos, 2012). Therefore, innovation development is often included in strategic and project management both at the entrepreneurial level and within the institutional support of business (Kostiukevych et al, 2020;Wasiluk & Gineviсius, 2020). The goal of the research is to assess the innovative activity of domestic SMEs, to examine the innovative activity of SMEs operating in the ICT sector and to map the distribution level between innovative and noninnovative businesses.…”