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Creating methodological means of analyzing and evaluating the feasibility of investment projects

Vol. 16, Iss. 10, OCTOBER 2020

Received: 7 April 2020

Received in revised form: 26 April 2020

Accepted: 15 May 2020

Available online: 15 October 2020

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: G32, O22, P47

Pages: 1900–1920

https://doi.org/10.24891/ni.16.10.1900

Astanakulov O.T. Academy of Public Administration under President of Republic of Uzbekistan, Tashkent, Republic of Uzbekistan
astanakulov@gmail.com

https://orcid.org/0000-0002-0536-1214

Sheina E.G. Ural State University of Economics (USUE), Yekaterinburg, Russian Federation
shekat@mail.ru

https://orcid.org/0000-0002-4777-5351

Subject. The article discusses the economic relations of entities and investors in articulating and implementing an investment policy and managing the investment of financial resources.
Objectives. We determine distinctions of creating and using a business plan of an investment project, illustrating the case of an industrial enterprise, and evaluate its performance indicators. The study also provides recommendations for mitigating investment risks identified in monitoring.
Methods. Research is based on methods of the structural logic analysis and expert assessments. We hypothesize that a new investment project will be more effectively developed and implemented if there is a correct and appropriate business plan of the project and inherent investment risks are pre-assessed.
Results. We analyzed statistical and dynamic methods for evaluating investment projects, found their strengths and weaknesses. Consequently, we selected optimal financial results of investment project studies, which are presented as business plans. The article sets out the methodological approach to ranking investment project risks through materiality and probability indicators, which are point-based and depend on the expert assessment method. This will allow for a more detailed classification of all risks associated with capital investment.
Conclusions and Relevance. The article presents the assessment and rationale of the business plan on the investment project for industrial waste recycling, through a set of methods for evaluating the effectiveness of the investment project, so as to improve financial position and liquidity of the enterprise in the long run.

Keywords: investment project, financial risk, investing activity, money capital, profitability, payback period

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