The management of investment projects in Kosovo economy

• Author: Nerimane Bajraktari
• Pages: 110-116

Vol. 4 No. 1

January, 2020

European Journal of Economics, Law and Social Sciences

IIPCCL Publishing, Graz-Austria

ISSN 2519-1284

Acces online at www.iipccl.org

110

The management of investment projects in Kosovo economy

Prof. Ass. Dr. Nerimane Bajraktari

Abstract

The project is defi ned as a realization of an aim or a task in which technology, resources and

time limits of fi nishing related activities are determined.1The contemporary management

of projects integrates a number of strong concepts which transform the running process of

successful resolving of a problem that is related with a cycle which is shaped during the concept

and realization of the project. These problems are related with the aspects that determine

the e ciency of the project. This is related with the e ects, costs, risks and insecurities that

accompany the project. Based on the study of reasonableness, key managers approve or refuse

the certain project. In case of a positive approval, the next phase is the planning of the project.

It includes the evaluation of project’s business and its projection during the whole period of

exploitation of the project. A erwards, the plan determines the strategy of project development

and evaluation of potential risk. Furthermore, the plan is decomposed into activities that

constitute it and the evaluation of resources and time that is needed for realization of activities

and their linkage into system diagram. Here the management of the project is presented as

a process of problem resolution and it depends grossly on the planning of a project through

which likelihood of changes and project failures are reduced before its realization.

Keywords: project, management, investment, development, strategies, resources.

Introduction

The project on its own presents an opportunity to strengthen the leadership and team

work, because:

• The individuals are given more responsibilities than they have got on everyday

activities

• People learn to adapt be er to each other

• Di erent confl icts between the members of the team are solved during project

implementation

• The members of the group get a chance for professional qualifi cation and for

gaining skills.

• The group is included in the process of decision taking.

• The decision to invest is made only a er discussion and at the same time analyzing

several projects for each target2.

Projects may be of di erent kinds and natures, such as:

• Projects of scientifi c researches related to new products, market research

• Projects of technological processes in production, sequel projects, installation

projects and similar ones.

• Construction projects: buildings, roads, bridges, energy facilities.

1 Dr. Elez Osmani, MBA Bledar Striniqi, MBA Dorian Deltina, “Project Management” p. 11.

2 Dr. Isa Mustafa, “Financial Management”, p. 153.