Home  Journals  Financial Analytics: Science and Experience  26(212) - 2014 July

Application of balanced scorecard in evaluating investment projects

Available online: 6 July 2014

Subject Heading: ISSUES ON ECONOMICS

JEL Classification: 

Pages: 45-52

The article describes the use of a balanced scorecard of Robert Kaplan and David Norton and the concept of real options of Stewart Myers when assessing the investment attractiveness of projects, their comparison and ranking. The proposed approach for the implementation of the investment strategy describes a new method of building a portfolio of projects and it establishes its theoretical and practical value. The method is based on enhancing of the role of non-financial indicators and on guidance on the strategic value based on the ideas of David Norton and Robert Kaplan, as well as the development of an approach of Stewart Myers to the expansion of flexibility in the evaluation of investment projects.

Keywords: balanced system, indicator, assessment, investment project, concept, real options, project portfolio management

References:

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