Russian Federation
Traditionally, the method of assessing the economic efficiency of investment projects is the calculation of indicators based on cash flow throughout the full life cycle of projects. However, it is often difficult correctly apply generally accepted evaluation principles for long-term, multi-stage projects or for project portfolios (which is typical for the oil and gas industry), such as: taking into account the time factor, taking into account only upcoming costs and receipts, comparing options "with the project" and "without the project", etc. The article discusses possible approaches to assessing the economic efficiency of long-term, multi-stage projects and project portfolios.
investment project, project portfolio, economic efficiency assessment, cash flow, investments
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