Innovative Development of Mechanical Engineering Complex Based on Project Management

Abstract

The relevance of the study is driven by peculiar features of the current economic model characterized as rapidly changing and requiring maximum flexibility from all market agents. In this situation such factors as scientific, technological, innovative, informational development come to the fore. Accordingly, it is necessary to choose adequate methods for the management of key industries, which include mechanical engineering. In our opinion, for the purposes of mechanical engineering further development it is necessary to develop a strategy for the scientific and technological development of the entire complex aimed at modernizing the material and technical base, organization, technology, socio-environmental sector, personnel and information support of production, increasing the investment attractiveness of mechanical engineering and expanding the markets for domestic products sale. To overcome the crisis, the main strategic objective of the Russian government should be to recover and ensure intensive growth of domestic markets for industrial products consumption. This is only possible with the implementation of many large infrastructure projects that will ensure domestic demand. Project management, which gradually replaced traditional management, is based on the preliminary development of a comprehensive system model in order to achieve the original goal and is aimed at implementing this model within the specific time frames. It is important to keep in mind that the objective in project management is usually distinguished by elements of novelty and, therefore, the project itself is original, non-traditional. The concept of project portfolio management should be defined separately. Project portfolio management helps determine the optimal level of investment for each project, which should be well combined with each other and not contradict the overall strategic plan. The result is the best balance between current and new strategic initiatives. At the same time project portfolio management is a tool for achieving strategic goals (including industry goals).