The problem of accounting non-economic characteristics when evaluating projects (foreign countries experience)

Abstract

© 2019 International Business Information Management Association (IBIMA). The present work gives a brief analysis of the methods for recording non-economic externalities (characteristics) when evaluating projects and project efficiency which were identified in the world practice. At first we identified 168 sources by search queries, but after careful study of their annotations, 57 sources were identified, subjected to detailed study on the content of the articles themselves. The analysis revealed groups of non-economic criteria for evaluating projects, a technology for evaluating existing approaches, and a tendency to evaluate projects comprehensively while taking into account non-economic and economic indicators. The concept of integrating indicators into a single normalized dimensionless scale is proposed. It would combine the advantages of existing approaches and methods of world practice in assessing the impact and effectiveness of projects. Thus, the probability of automation increases, shortening the time frame for substantiating and launching projects of a global and national economic level in the age of the digital economy development.