Importance The sanctions imposed by some countries, designed to complicate the economic situation in Russia, give the chance to domestic businesses quickly and effectively upgrade the industry. The article deals with the elements of prioritization and assessment of the condition of enterprises in projects of modernization of the machine-building enterprises of the Russian Federation at the present stage, typical of the domestic market. Objectives The aim of the study is to examine the issues of prioritization and evaluation of technological condition of the enterprises when implementing modernization projects. Methods Using econometric methods, the authors analyze various aspects of the modernization of the machine-building enterprises; identify the most effective approaches to the assessment of enterprises, and exercise their benchmarking analysis. Results The study assessed the modernization priority based on the analysis of the significance of the enterprise for the Russian economy. The authors conduct a comprehensive technical evaluation of the previously installed systems and equipment, as well as the existing technological procedures. They selected the type of upgrade. Through comparison with the world activities indicators, the authors estimate the economic potential of modernization, production growth and cost reduction. Conclusions and Relevance The authors conclude that the procedure of modernization consists of three main phases: pre-project, project, and post-project. The correct prioritization and evaluation of technological condition of the enterprises when implementing modernization projects will help using State guarantees and will make the project more viable upgrade.
Keywords: modernization, manufacturing, enterprises, machine building, machine-tool construction
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