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Received 30.09.2024

Revised 23.02.2025

Accepted 29.03.2025

Retrieved from Iss. 117, P. 1, 2025

Pages 178 -195

  • 209 Views

Suggested citation

Alkema, V., & Ishchenko, V. (2025). MODELS OF VALUE-BASED PROJECT MANAGEMENT IN THE FIELD OF PASSENGER TRANSPORTATION. Automobile Roads and Road Construction, (117.1), 178-195. https://doi.org/10.33744/0365-8171-2025-117.1-178-195

MODELS OF VALUE-BASED PROJECT MANAGEMENT IN THE FIELD OF PASSENGER TRANSPORTATION

Viktor Alkema Vitaliy Ishchenko

Abstract

The article examines the issues of project management in the field of passenger transportation, taking into account modern trends in the development of the transport industry. The main challenges faced by managers in the process of implementing transport projects, in particular, increasing the level of passenger transportation services, are identified. In this context, value-based management is a concept that provides a balance between efficiency, economic feasibility and satisfaction of the expectations of project stakeholders, as well as the possibility of using modern information technologies to increase the efficiency of management processes. The effectiveness of the value-based approach is assessed through the overall value of the project. For value management in projects, it is proposed to use quantitative indicators of efficiency assessment, such as planned value, actual value, achieved value, change in value, and changes in the work schedule. Additionally, the authors take into account the price of risks as a potential negative impact of external and internal factors that can change the course of project implementation. Such integration of these indicators provides constant monitoring and forecasting, thanks to which managers can quickly respond to changes, optimize resource management and make informed decisions. The paper presents a model for assessing the value of a project product, which takes into account key product characteristics, innovation, functionality, quality of services and compliance with market requirements. The presented models allow assessing financial and non-financial indicators, taking into account factors that increase the competitiveness of the organization, provide a prompt response to changes in the internal and external environment and contribute to optimizing the use of resources to achieve maximum results

Keywords:

project management, value-based management, project value, stakeholders, project value indicators, conceptual model, passenger transportation, risks

References

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https://doi.org/10.33744/0365-8171-2025-117.1-178-195

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