Investment projects: definition from the process perspective

Abstract

Due to the level of importance in industrial development, investment projects are the basic tools for decision-making based on a commercial, technical, environmental, economic, financial and social analysis. Since their inception, investment projects were framed in the analysis of the generation of new productive units, which over the years has had to change in the search for efficiency and improvements in its existing processes within a framework of commercial dynamism and international competitiveness. This paper develops an analysis of the definition of investment projects from the perspectives of the subject, method and object of intervention in order to identify its relationship with processes improvement. The analysis consisted in identifying a set of investment project definitions commonly used in university literature and then determining the perspective that characterizes it in order to classify them. Subsequently, the information was systematized in order to specify its methodological coherence with the current need to improve organizations processes. As a result, it has been found that most of the definitions are framed within the method or form of intervention, a position that conceptually limits interventions in ongoing organizations that require investments; thus, a new definition of investment projects is described and supported under the process approach as the main contribution of the research work.

Agricultural Investment Accounting: A Case Study of an Enterprise in The Thrace Region

“…An investment is an allocation of resources, such as time, money, effort, or other assets, with the expectation of generating future benefits or returns. These returns may come in the form of income, profit, or the achievement of specific objectives (Valencia et al, 2020). Investments can be made in various forms, including financial assets like stocks and bonds, real estate, or even in the development of new products, processes, or technologies.…”

Forecasting Investment Activities of Rail Transport Enterprises Using Trend Models

“…They substantiated the relevance of budgetary investment for enterprises as a whole [8], at the same time, the study did not take into account proposals for the development of a methodology for conducting an audit of the efficiency of budgetary investments. Investment projects as tools for decision-making based on commercial, technical, environmental, economic, financial and social analysis were given in the study [9]. It should be noted that, along with the undoubted advantages of the proposed organizational and economic mechanism for stimulating investment activity, questions regarding the effectiveness of the application of various modelling methods are not fully resolved.…”

“…Having analyzed the works [5][6][7][8][9][10][11][12][13][14][15][16][17][18][19], it can be stated that each of the scientists in their works investigated investment activity, forming certain mechanisms and directions for its improvement at enterprises. However, such mechanisms do not provide for the determination of the forecast values of the investment activities of enterprises, by using trend methods and models, especially this applies to railway transport enterprises, which currently play an important role in the transportation of passengers and cargo in cities, regions and the country in general.…”

Determinantes del crecimiento económico de Chile, Perú y Ecuador durante el periodo 1990 al 2020

“…La inversión es una de las herramientas fundamentales para la toma de decisiones basadas en el análisis empresarial, tecnológico, ambiental, económico, financiero y social. Por su importancia en el desarrollo industrial se muestra en el marco del proyecto de inversiones como una fuente para analizar la generación de nuevas unidades productivas, pero con el tiempo se ha transformado en la clave para alcanzar la eficiencia, el mejoramiento en los procesos existentes dentro del marco de vitalidad y competitividad comercial (Valencia et al, 2020). La FBKF se la identifica como la inversión de un país, debido a que aporta de manera esencial al crecimiento o desarrollo económico, aumentando la capacidad productiva de un país, es decir incrementa el stock o adiciona nuevos elementos tecnológicos, mediante el cual va mejorar la productividad (Ffrench y Díaz, 2019).…”