ANALYSIS OF INVESTMENT PROJECT MANAGEMENT METHODS AND STAGES OF ITS PRACTICAL APPLICATION

The development performance literature has traditionally focused on post-project analysis. Although this is a valid way to measure benefits, a good evaluation requires a preliminary step: measuring the effectiveness of the implementation of investment projects. This paper aims to identify the factors of good performance. Unlike previous studies, the current study analyzes performance using a project life cycle approach.  The main condition is that the duration of the investment project, that is, the days from its approval to the final payment - factors related to preparation and implementation are taken into account. There is evidence that a healthy macroeconomic and fiscal environment in countries is important for good performance. In addition, the authors find that delays in project planning and implementation can significantly prolong project life. These findings highlight the need to continue to improve performance in these areas.