Year: 2024 | Month: March | Volume 69 | Issue 1

Financial and Economic Tools of Project Management in Public Sector

Oksana Petrenko Igor Britchenko Viktoriia Filippova Oleh Serniak Anatolii Putintsev and Iryna Serniak
DOI:10.46852/0424-2513.2.2024.20

Abstract:

The article examines the introduction of project management as a result of the implementation of administrative reforms in modern states based on the management paradigm of New Public Management and New Public Governance. Based on both experts’ opinions and a number of cases from different counties, it is shown that the development of such elements of new public management as focus on achieving results, monitoring of quantitative and qualitative performance indicators, budget savings, creative organizational culture, became possible thanks to a set of economic and strategic tools that characterize project management, especially PMBoK. The expediency of a large-scale transition to professional management of public projects through the use of the generally recognized PMBoK standard, as well as the “living” Agile project methodology, is substantiated.

Highlights

  • The article is devoted to analyzing the development of the theory and practice of project activities in the public administration system.
  • The obtained results demonstrated the highest level of expedience of synergetic combining of institutional and instrumental constituents of project management in public administration (public sector).




© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Print This Article Email This Article to Your Friend

Economic Affairs, Quarterly Journal of Economics| In Association with AESSRA

50781530 - Visitors since February 20, 2019