Evaluating investment projects efficiency in various conditions

Abstract

Key concepts for assessing the feasibility of the implementation and calculation of the performance of specific economic, socio-economic events or technical (technological) of the project are the related costs and useful results. Therefore, in all cases, the implementation of investment projects should talk about their effectiveness and the principles of its evaluation. The article formulates the correct content of the concepts of «costs», «results», «efficiency» in various (stationary and non-stationary) conditions, provides algorithms for calculating the efficiency. The most important typical mistakes made in the practice of Russian project investment analysis are analyzed. The presentation of the problem is conducted in coordination with the text of fundamental monographs [1–2], normative documents [3], as well as with a number of domestic and foreign monographs, immanent in content to the specifics of the Russian economy.