Project Value Assessment Taking Into Account Multiaspects and Multilevelness

Project value is multidimensional and multilevel, the significance of project results should be assessed in terms of different areas and levels (a particular locality, region, country, relevant portfolios and programs). The value of a project is determined not only by its results, but also by its «intensity» and cost, i.e., the assessment of the value of a project should take into account its duration, the time until results are achieved, the duration of results, and the budget, which leads to the need to compare «results»-«time»-«costs». This approach is the basis of the project value assessment method, which is based on existing assessment methods as their development, taking into account the above for different conditions ‒integrity and hierarchy. The multidimen-sionality of value forms «integrity» and the multilevelness forms «hierarchy». A concep-tual model and method for assessing the value of projects in terms of their multi-dimensionality and multilevelness have been developed. The method is developed for three options for project consideration: the basic option ‒ taking into account the system of targets and priorities for one «object»;a variant that takes into account the conditions of the project's multidimensionality, when its results are significant for different areas, and the value can be compared with the project's contribution to the achievement of a set of target indicator systems in several interrelated/related areas, taking into account the priorities of the areas and the relevant development goals ‒ integral value;a variant that provides for the significance of the project in different areas at different interdependent levels, taking into account the priorities of the centers, areas, and development goals ‒hierarchical value.Unlike existing approaches, the model and method take into account the «adjustment» of value based on the budget and project implementation time, as well as the project's «contribution» to achieving a set of targets in interrelated/related areas, taking into account the priorities of areas and goals (integral value) and the project's importance for different interdependent levels, taking into account the priorities of centers, areas and goals (hierarchical value). Taken together, this allows for a more complete consideration of the significance of the results and systemic linkages of projects, which are inherently multidimensional and multilevel.