Project Management of the Regional Economic and Social System

Abstract:

The geopolitical situation of the current world economy necessitates the development and implementation of an economic package that will contribute to the efficiency and further growth of the economic potential of Russia and its regions.Project management might be an effective tool of managing regional economic and social systems, as it would guarantee their effective use on the national and regional levels through overcoming administrative obstacles and uniting the interests of government, businesses and population, with due regard for each group.

The article offers a methodological approach to assessing the level and rate of growth of a regional economic and social system.Based on using the dynamic component, it helps to assess three components of the economic and social system (i.e. social, financial and economic, natural and ecological components). Implementing this approach results in rating the assessed regions and grouping them according to the level and rate of economic and social growth.

The method helps reveal stop-go points of regional economic and social growthin order to developaproject-based economic packagenecessary to increase the efficiency of managementsystem. The article presents the substantiated algorithm of assessing the latter.

The above-mentioned algorithm and method have been tested in a specific RF region. The designed project of managing the development of the Kursk region economic and social system may help direct all the financial and labor resources to the most significant spheres and structure the reproduction process in Kursk region, as well asdevelop promising first-priority economic areas.

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