Public Participation Project Management

Abstract

The relevance of the topic is due to the need for improvement and further development of scientific and methodological provision of portfolio management processes within the portfolio management introduction in the field of project management of local (territorial) self-government, including projects of public participation (PP projects). The purpose of the study is to improve and further develop the scientific and methodological provisions of portfolio formation group processes under the conditions of PP projects' implementation, which are considered as the corresponding portfolio components. The study's objectives are as follows: 1) to establish a conceptual research foundation and to identify project management knowledge bases relevant to the research topic;2) to analyze the interrelated scientific and methodological approaches to: structuring categories; defining criteria for evaluation, selection and prioritization; optimization of PP project combinations as those presented in portfolios; 3) to formulate and check, using the database of public projects of Kyiv city, hypotheses relating to the insignificance of differences in the combination of PP projects, separated by thematic direction, which determine the feasibility of presenting projects of thematic areas in the relevant sub-portfolios of the overall PP project portfolio; 4) to propose the model for the formation of the optimal composition of the PP project portfolio recommended for implementation. The methods of the study The method of scientific identification was applied while forming the conceptual basis of the research; the method of comparative analysis was applied in the analysis of scientific and methodological approaches to structuring, definition of criteria (evaluation, selection, prioritization) and optimization of the PP project portfolio; to test the hypothesis of insignificance of differences in the combinations of PP projects, separated by thematic areas, the non-parametric criterion (test) of significance of Kruskal-Wallis was used; while building a model for the formation of the optimal composition of the PP project portfolio, the method of cost-benefit analysis, the time value of money concept, and an integer programming problem were applied.

Public Participation Projects Management in the Context of Portfolio Management

“…As part of works [7,8], a study was conducted, the main question of which was formulated as follows: "Do requests for the volume of public projects financing submitted in 2019 and those awaiting acceptance for implementation in 2020 differ significantly in the city of Kyiv, according to specific thematic directions?". The answer to this question in the study was connected with the testing of null (working) hypotheses regarding the significance of the differences between the PP projects admitted to the vote on the request for the amount of funding.…”

“…To the analysis of changes in the average values of the request amount for the volume of financing between the PP projects accepted for implementation and the PP projects admitted to the vote, by the categories of "small" and "large" by thematic directions in the city of Kyiv in 2021 (the criterion of acceptance for implementation is the number ratio of votes in support to the request for the amount of funding) It should be noted separately that during this period, PP projects were not divided into "small" and "large" categories. This division was conditionally made in works [7,8]. The "threshold", which divided the categories of small and large projects, was accepted under the conditions valid in 2018 and amounted to 399.9 thousand of UAH.…”

“…In this work, we decided to extend the research, the results of which we presented in works [7,8], to the entire period in which the selection of the PP projects for implementation in the city of Kyiv was carried out, that is, starting from 2017. We also took into account the division of the PP projects between the "small" and "large" categories, which took place according to the PP projects that were submitted for implementation in 2018, 2021 and 2022 (plan).…”

“…In works [7,8] the concept of portfolios formation of PP projects is proposed. This concept is based on the study of scientific and methodical approaches considered in relation to: structuring; definition of criteria for assessment, selection and prioritization; optimization of PP projects aggregates -such as those presented in portfolios.…”

“…This concept is based on the study of scientific and methodical approaches considered in relation to: structuring; definition of criteria for assessment, selection and prioritization; optimization of PP projects aggregates -such as those presented in portfolios. At the same time, in the above-mentioned works [7,8], the authors consider the problem of structuring the portfolio of PP projects, first of all, in the context of the implementation of such life cycle phases of the portfolio -as the stages of the portfolio management process -as initiation and planning, leaving out the stage of actual implementation, as well as optimization at the implementation stage. We should note separately that optimization, or in the first three versions of the PMI portfolio management standard -balancing, as it is interpreted in the specified versions [3-5], takes place not only at the actual optimization stage, but also, to a large extent, at other stages of the portfolio management process, including at the implementation stage, which is emphasized in the fourth version of the PMI portfolio management standard [6].…”