On Innovative Decisions in the Investment-construction Cycle

Abstract

AbstractThe paper gives the authors’ formulation of the following concepts: innovative decisions in the investment-construction complex, project innovative decisions, process innovative decisions, service innovative decisions, organizational innovative decisions. It is proposed to classify innovations in the investment-construction complex into four types: project, process, service and organizational. Using the decision-making algorithm for innovations in the project management system, the authors have developed a system of indexes, allowing the assessment of the economic and environmental effect from their implementation.On the basis of the market research of innovations in construction, used by small and medium-sized building contractors, we have developed a matrix for assessing the influence of innovative decisions on the efficiency of investment and construction cycle of the project. The most accurate assessment with the help of the innovations efficiency composite index will allow managers and investors make a fair assessment of the possibility of reducing negative consequences of economic and environmental damage with the aim of ensuring sustainable development