Adaptive value approach to managing the projects of community and regional development
DOI:
https://doi.org/10.31734/agroengineering2023.27.113Keywords:
management, projects, development, communities, regions, adaptive value approachAbstract
After analyzing the current state of community and regional development projects, it has been determined that there are both advantages and disadvantages in current methodologies and approaches to project and portfolio management. To eliminate existing shortcomings, it is necessary to develop an adaptive value approach that takes into account the specific features and current realities of the communities involved.
This adaptive value approach will consider uncertainties and risks inherent in community development projects while ensuring that goals are met and the maximum value is created for stakeholders. To achieve this, a 14-step algorithm for managing community and regional development projects has been developed. This algorithm reflects the processes involved in managing projects and their specific features, while also considering the interrelationships between stages and changes in the project environment.
As a result of this research, project ideas and alternatives for portfolios of community development projects have been formed. Various configurations of community development projects were proposed, and using the adaptive value approach, the feasibility of including projects in a community development portfolio was determined for each option. Based on this approach, a portfolio of development projects was formed for a specific community, which included four projects (project 5 - creation of a nature reserve and restoration of the local ecosystem, project 3 - installation of video surveillance in public places, project 6 - development of an organic waste recycling system, and project 4 - expansion of the volunteer patrol program formations). The total budget for these projects was $1,700,000, with a total value for stakeholders of 1.96. Further research is needed to develop a decision-making support system for project managers based on the proposed adaptive value approach to the management of community and regional development projects.
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