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Talk · IEEE International Conference on Smart Information Systems and Technologies · April 28, 2021

Markov Principles of Project Effectiveness

Kateryna V. Kolesnikova, Tetiana Olekh, Дмитро Володимирович Лукьянов, Danso Janet Obenewaa

Kateryna Kolesnikova
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Abstract

Despite the significant differences between the types of projects and the variety of conditions for their implementation, assessments of the effectiveness / success of projects should be carried out in a certain way uniformly, based on general sound principles. This article discusses the construction of a "strong connectivity" matrix for methodological indicators for assessing the success of projects based on a directed graph. Methodological indicators ensure the rational behavior of stakeholders regardless of the nature and objectives of the project. The article argues that all indicators are related. To show the topology and directions of the relationship, a matrix diagram is drawn up, which is often called a matrix of relationships. It shows the degree of dependence of the criteria of one from the other and how strong are the connections between them. The results obtained illustrate the existence of a relationship between all methodological principles and indicate that, relying only on one of the methodological principles for assessing the success of projects, we can conclude about the success of the project's mission as a whole.

Construction Project Management and PerformanceMulti-Criteria Decision MakingEconomic and Technological Systems Analysisproject effectiveness evaluationproject success indicatorsmethodological principles

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