Project approach in an anti-crisis management system of financial sustainability of industrial enterprise
Abstract
The main aspects of the project approach in the system of crisis management of financial stability of an industrial enterprise are considered in the article. Definitely main factors and signs of the crisis based on the diagnosis of indicators of the financial condition of the industrial enterprise. It is established that the assessment of financial stability is one of the priority tasks in the diagnosis of crisis enterprises, the condition of which is characterized by an increased probability of bankruptcy. The forecast value of the coefficient of financial stability, which can be used to develop a financial strategy of the enterprise or corrective anti-crisis management decisions, is determined. The article proposes a method of implementing a project approach in crisis management of the enterprise. In anti-crisis management of financial stability it is expedient to apply the project approach that will give the chance to implement measures for achievement of the concrete purpose, to coordinate actions of all divisions of the enterprise; to forecast in time and in expenses the project decision of a crisis situation according to the set criteria of quality of performance of works. In addition, the project approach has all the features of the crisis management system: a team of specialists is formed to perform the tasks of crisis management; strategies for increasing the competitiveness of the enterprise are developed; optimal ways (options) of realization of system of anti-crisis measures for the purpose of increase of stability of functioning of the enterprise are made. The advantages of the project approach in crisis management of financial stability are: assessment of the current state of the enterprise; use of the company's own resources in order to reduce the cost of implementing a system of anti-crisis measures; clear delineation and definition of personal (team) responsibilities and powers; systematic approaches to determining the phenomena and factors of the crisis, as well as to the development and implementation of anti-crisis programs, due to the involvement of specialists and managers of different levels and areas of activity, in accordance with the sources of threats; increasing control over the expenditure of funds and resources aimed at anti-crisis measures, the introduction of methods for their more effective use; more effective use of the time factor in the analysis of the situation and the implementation of anti-crisis measures; qualitative increase of the level of systems and methods of internal communications. The result of this approach should be overcoming the crisis (with the subsequent transition to operational management of the organization), assessing the effectiveness of crisis measures (actions, projects) and, if necessary, the introduction of a permanent monitoring system for crisis phenomena in the organization. introduction of methods of their more effective use; more effective use of the time factor in the analysis of the situation and the implementation of anti-crisis measures; qualitative increase of the level of systems and methods of internal communications. The result of this approach should be overcoming the crisis (with the subsequent transition to operational management of the organization), assessing the effectiveness of crisis measures (actions, projects) and, if necessary, the introduction of a permanent monitoring system for crisis phenomena in the organization. introduction of methods of their more effective use; more effective use of the time factor in the analysis of the situation and the implementation of anti-crisis measures; qualitative increase of the level of systems and methods of internal communications. The result of this approach should be overcoming the crisis (with the subsequent transition to operational management of the organization), assessing the effectiveness of crisis measures (actions, projects) and, if necessary, the introduction of a permanent monitoring system for crisis phenomena in the organization.
Downloads
References
Bondarenko S. A., Nizyayeva V. R. (2017). Bases for provision of stable functioning and stable development of the enterprise / Proceedings of the II International Scientific and Practical Conference., November 18, 2017. Warsaw, Poland. Vol. 2. pp. 49-53.
Bondarenko S. A. (2018). Anti-crisis management of innovative development of wine-making enterprises // National Security & Innovation Activities: Methodology, Policy and Practice:collective monograph / edited by Dr. of Economics, Prof. O. Prokopenko, Ph.D in Economics V. Omelyanenko, Ph.D in Technical Sciences, Assoc. Prof. Yu. Ossik.Ruda Śląska : Drukarnia i Studio Graficzne Omnidium.Р. 134-146.
Burton, R. M., Obel B. (2004). Strategic Organizational Diagnosis and Design: The Dynamics of Fit, Third Edition, Springer. Kluwer Academic Publishers. P. 451.
Herbane, B., Elliott D., Swartz E. (1997). Contingency and continua: achieving excellence through business continuity planning. Business Horizons, № 40 (6). P. 19–25.
Mitroff, I. (1994). Crisis Management and Environmentalism: A Natural Fit. California Management Review (Winter 1994). R. 101-113.
Patterson, B. (1993). Crises impact on reputation management. Public Relation Journal 49:11, November. R. 48.
Rostow, W.W. (1960). The Stages of Economic Growth: A Non-Communist Manifesto. NY: Cambridge Univ. Press, 179 p.
Abstract views: 1168 PDF Downloads: 501
Copyright (c) 2020 Svіtlana Bondarenko, Olena Makoveieva, Anatolii Polishchuk , Mykhailo Mosin

This work is licensed under a Creative Commons Attribution 4.0 International License.
The authors agree with the following conditions:
1. Authors retain copyright and grant the journal right of first publication (Download agreement) with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
2. Authors have the right to complete individual additional agreements for the non-exclusive spreading of the journal’s published version of the work (for example, to post work in the electronic repository of the institution or to publish it as part of a monograph), with the reference to the first publication of the work in this journal.
3. Journal’s politics allows and encourages the placement on the Internet (for example, in the repositories of institutions, personal websites, SSRN, ResearchGate, MPRA, SSOAR, etc.) manuscript of the work by the authors, before and during the process of viewing it by this journal, because it can lead to a productive research discussion and positively affect the efficiency and dynamics of citing the published work (see The Effect of Open Access).